August 2017

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "Company")

CHANGES IN DIRECTORS´ ROLES

Redefine´s succession plan for non-executive directors adopts a process of staggered rotation to promote
continuity of experience and personal growth, build capacity and leverage knowledge, whilst encouraging
fresh thinking, objectivity and diversity of thought in the effective functioning of its Board.

To this end, the board of directors of Redefine ("the Board") has appointed Bridgitte Mathews as Deputy
Chairperson and Lead Independent Director of the Board with immediate effect.

Bernie Nackan remains an independent non-executive director of the Company, Chairman of the Company´s
Nomination and Investment Committees and a member of the Audit and Risk Committee.

4 August 2017

Sponsor
Java Capital

Date: 04/08/2017 05:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

July 2017

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

REDEFINE PROPERTIES INDUSTRIAL PORTFOLIO SHOWCASE

Shareholders are advised that Redefine will be hosting a presentation during the course of the day to
showcase the company´s top-quality industrial properties, as well as to launch the S&amp;J Industrial Estate. A
copy of the presentation is available on the company´s website - www.redefine.co.za.

26 July 2017

Sponsor
Java Capital

Date: 26/07/2017 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

AVAILABILITY OF INVESTOR PRESENTATION

Shareholders are advised that Redefine will be undertaking a fixed income investor roadshow from Friday,
21 July 2017 to Tuesday, 25 July 2017. A copy of the investor presentation, which will be presented to
members of the investment community, is available on the company´s website - www.redefine.co.za.

20 July 2017

Sponsor
Java Capital

Date: 20/07/2017 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

June 2017

<pre>Dealings in securities by directors and an associate of a director of Redefine
Dealings in securities by directors and an associate of a director of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS AND AN ASSOCIATE OF A DIRECTOR OF REDEFINE

Shareholders are advised that pursuant to the declaration of a cash dividend for the 6 months ended
28 February 2017 with an election to reinvest the cash dividend in return for Redefine shares, the results of
which were announced on SENS on Monday, 5 June 2017 (the "share reinvestment alternative"), directors of
the company elected to reinvest the cash dividend in respect of shares held by them under the Matching Scheme
of the Redefine Executive Incentive Scheme and received shares as follows:

Shareholders are further advised that pursuant to the share reinvestment alternative, directors and an associate
of a director of Redefine, elected to reinvest the cash dividend in respect of shares held by them, and received
shares as follows:

Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 2 June 2017
Class of securities: Ordinary shares
Number of securities: 7 943
Price per security: R10.45
Total value of transaction: R83 004.35
Nature of transaction: Off-market reinvestment in terms of share reinvestment
alternative
Nature and extent of director´s interest: Not applicable

8 June 2017

Sponsor
Java Capital

Date: 08/06/2017 09:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a cash dividend of 44.82 cents per share (the "cash dividend") with an
election to reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"),
announced on SENS on 8 May 2017 (the "declaration announcement") for the six months ended 28 February 2017
and the announcement of the reinvestment price per new share (being R10.45 per share) applicable to Redefine
shareholders electing the share alternative, released on SENS on 23 May 2017.

Shareholders holding 1 832 248 932 Redefine shares or 35.16% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 77 673 855 new Redefine
shares, retaining R812 million (based on the issue price of R10.45 per new share after accounting for the applicable
dividend withholding tax in respect of non-resident shareholders) in new equity for Redefine. Accordingly, a total
cash dividend of R1.514 billion is payable today in respect of 3 378 732 582 Redefine shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Redefine´s transfer secretaries will have their bank accounts credited on 5 June 2017.
Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of
their shares will be posted on Wednesday, 7 June 2017 to certificated shareholders at their risk. The Central Securities
Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share
alternative in respect of some or all of their shares will be credited with the cash dividend on 5 June 2017 and the
Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the
share alternative in respect of some or all of their shares will be credited on Wednesday, 7 June 2017 with their new
Redefine shares.

5 June 2017

Corporate advisor and sponsor
Java Capital

Date: 05/06/2017 03:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of
a director of Redefine:

Name of associate: Clearwater Capital (Holdings) (Pty) Ltd
Name of director: Harish Mehta
Relationship to director: The HKM Family Trust (of which Harish Mehta is a trustee and
beneficiary) is a shareholder of Clearwater Capital (Holdings)
(Pty) Ltd
Harish Mehta is the sole director of Clearwater Capital
(Holdings) (Pty) Ltd
The HKM Family Trust No 2 (of which Harish Mehta is a trustee
and beneficiary) is the sole shareholder of Clearwater Capital
(Pty) Ltd, which is the manager of Clearwater Capital (Holdings)
(Pty) Ltd
Transaction date: 26 May 2017
Class of securities: Ordinary shares
Nature of transaction: Off-market zero cost collar hedge over 8 000 000 Redefine shares
with, in each case, a short put strike price of R10.08.63, a long
put strike price of R11.2070 and a call strike price of R11.6755
with an expiry date of 25 May 2018
Nature and extent of director´s interest: Indirect beneficial

1 June 2017

Sponsor
Java Capital

Date: 01/06/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

May 2017

<pre>Announcement of dividend reinvestment price and confirmation of finalisation information
Announcement of dividend reinvestment price and confirmation of finalisation information

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ANNOUNCEMENT OF DIVIDEND REINVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION

Further to the declaration of a cash dividend of 44.82 cents per share (the "cash dividend") with an election to
reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"), announced on SENS
on 8 May 2017 (the "declaration announcement"), the price per share, as determined on 23 May 2017, applicable to
Redefine shareholders electing the share reinvestment alternative and recorded in the register on Friday, 2 June 2017
(the "record date"), is R10.45 per share (the "reinvestment price"). The reinvestment price is a 1.35% discount to
the ten-day volume weighted average traded price (less the cash dividend accrued on the finalisation date) of Redefine
shares on the JSE prior to the finalisation date.

The ratio in respect of the share reinvestment alternative is 4.28900 shares for every 100 shares held on the record date
by South African resident shareholders exempt from dividend tax and 3.43120 shares for every 100 shares held on the
record date by non-resident shareholders subject to dividend tax at 20%.

Where a shareholder´s entitlement to the shares in relation to the share reinvestment alternative, calculated with
reference to the above share ratio, gives rise to an entitlement to a fraction of a new share, such fraction will be
rounded down to the nearest whole number with the cash balance of the dividend being retained by the shareholder.

Dividend withholding tax ("dividend tax") implications

Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust ("REIT") are exempt from dividend tax in the hands of South
African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as
detailed in paragraph 5 of the circular to Redefine shareholders dated and posted on Friday, 12 May 2017
(the "circular"). South African resident shareholders, who have submitted the requisite documentation and are exempt
from dividend tax, will accordingly receive a net dividend of 44.82 cents per share.

Dividend tax implications for non-resident shareholders

Dividends received from a REIT by a non-resident shareholder will be subject to dividend tax at 20%, unless the rate
is reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa
and the country of residence of the non-resident shareholder. A reduced dividend withholding rate in terms of the
applicable DTA may only be relied upon if the non-resident shareholder has provided the requisite documentation as
detailed in paragraph 5 of the circular. Non-resident shareholders who have submitted the requisite documentation and
assuming that a dividend tax rate of 20% is applicable, will accordingly receive a net dividend of 35.856 cents per
share.

Due to the fact that the cash dividend or share reinvestment alternative may have tax implications for resident and
non-resident shareholders, shareholders are encouraged to consult their professional advisors should they be in any
doubt as to the appropriate action to take.
Illustrative example on the application of rounding and the impact of dividend tax

The application of the rounding principle of rounding down to the nearest whole number and the impact of dividend
tax on shareholders has been illustrated by way of the example below:

Shareholders are advised that, as per the published timetable, the last date to trade is Tuesday, 30 May 2017 and the
shares will trade ex-dividend on Wednesday, 31 May 2017.

As published in the declaration announcement, shareholders electing the share reinvestment alternative are once again
alerted to the fact that the new shares will be listed on LDT + 3 and that these new shares can only be traded on
LDT + 3 being Friday, 2 June 2017, due to the fact that settlement of the shares will be three days after the record
date, being Wednesday, 7 June 2017, which differs from the conventional one day after record date settlement process.

Shareholders are reminded that the last day to elect to receive the share reinvestment alternative is 12:00 (South
African time) on Friday, 2 June 2017. No action is required if you wish to receive the cash dividend.

Restrictions

The distribution of the circular and/or accompanying documents and the right to elect shares under the share
reinvestment alternative in jurisdictions other than the Republic of South Africa may be restricted by law and a failure
to comply with any of these restrictions may constitute a violation of the securities laws of any such jurisdictions. The
shares have not been and will not be registered for the purposes of the election under the securities laws of the United
Kingdom, European Economic Area or EEA, Canada, United States of America, Japan or Australia and accordingly
are not being offered, sold, taken up, re-sold or delivered directly or indirectly to recipients with registered addresses
in such jurisdictions.

The salient dates, timetable and all other information relating to the dividend (including the tax implications) and
share reinvestment alternative disclosed in the declaration announcement remain unchanged.

23 May 2017

Corporate advisor and sponsor
Java Capital

Date: 23/05/2017 11:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

POSTING OF DIVIDEND ELECTION CIRCULAR TO REDEFINE SHAREHOLDERS

Shareholders are referred to the announcement accompanying Redefine´s interim results for the six months ended
28 February 2017, released on SENS on 8 May 2017. Shareholders were advised that the board of directors of
Redefine has declared a cash dividend of 44.82 cents per Redefine ordinary share for the six months ended
28 February 2017 and that shareholders have been provided with an election to reinvest the cash dividend in return for
Redefine shares (the "share reinvestment alternative").

The circular relating to the share reinvestment alternative has been issued to Redefine shareholders. Copies of the
circular may be obtained from the registered offices of Redefine, Rosebank Towers, 19 Biermann Avenue, Rosebank,
Johannesburg, 2196 during normal business hours. The circular will also be available in electronic format on the
company´s website at www.redefine.co.za.

12 May 2017

Corporate advisor and sponsor
Java Capital

Date: 12/05/2017 04:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("the company")

AVAILABILITY OF INVESTOR PRESENTATION

Shareholders are advised that a copy of the investor presentation, which will be presented to members of the
investment community today, Monday, 8 May 2017, is available on the company´s website -
www.redefine.co.za.

8 May 2017

Sponsor
Java Capital

Date: 08/05/2017 08:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dividends paid and dividends paid to non-controlling interests have been
reclassified to cash flows from financing activities with the change applied retrospectively to be in line with
the manner in which Redefine manages its cash.

The results for the half year ended 29 February 2016 were restated in accordance with the restatements in the
31 August 2016 audited group annual financial statements.

Date: 08/05/2017 07:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

* Excluding properties under development and including non-current assets (properties) held for sale. The investment in
Leopard Holdings of R672,0 million classified as held-for-sale as at 28 February 2017 is excluded.

BUSINESS COMBINATIONS

The Pivotal Fund Limited
On 9 January 2017, the group acquired 100% of the shares and voting rights in The Pivotal Fund
Limited ("Pivotal") and obtained control of Pivotal. The shares were acquired for a consideration
of R5,2 billion, settled in Redefine shares. Pivotal was a JSE-listed property developer and capital
growth fund.

The business combination is in line with Redefine's strategy to diversify, grow and improve the
quality of its portfolio and recycle its capital through disposing of non-core assets and replacing
them with prime assets. The acquisition of Pivotal positions Redefine even more competitively in
the commercial property sector in line with its strategic intent to become the landlord of choice
in A-grade office space in sought-after areas in South Africa. This has given rise to the goodwill
recognised below.

For the two months since acquisition, Pivotal contributed total revenue of R168,2 million and net
profit after taxation of R51,9 million to the group's results.

If the businesses had been acquired on 1 September 2016, management estimates that
consolidated revenue and net profit after taxation for the Redefine group would have been
R4,0 billion and R2,4 billion respectively. In determining these amounts, management has
assumed that the fair value adjustments, determined provisionally, that arose on the date of
acquisition would have been the same if the acquisition had occurred on 1 September 2016.

The group incurred acquisition-related costs of R7,1 million to 28 February 2017.
This is disclosed as part of administration costs in the statement of profit or loss and other
comprehensive income.

The table below summarises the recognised amounts of assets acquired and liabilities assumed
at the date of acquisition. Provisional amounts have been used for the purpose of consolidation
as the business combination occurred shortly before Redefine's half year reporting period. If new
information is obtained within one year of the date of acquisition about facts and circumstances
that existed at the date of acquisition which identifies adjustments to the below amounts, or any
additional provisions that existed at the date of acquisition, then the accounting for the acquisition
will be revised.

* The effective date used for accounting for the business combination in terms of IFRS 3 was
31 December 2016.
(#) The fair value of the Redefine shares issued was based on the listed closing share price on
9 January 2017, being the date that the Redefine shares were transferred to the previous shareholders of Pivotal.

Loans receivable are carried at amortised cost, interest is market-related, therefore the
amortised cost approximates the fair value. The gross contractual amount receivable for loans
receivable is as disclosed above.

Trade and other receivables are carried at amortised cost. Due to the short-term nature,
amortised cost approximates the fair value. Trade and other receivables comprise gross
contractual amounts due of R146,3 million, net of a provision for doubtful debts of R4,3 million,
which is the best estimate at the acquisition date of the contractual cash flows not expected to be
collected.

For all financial instruments carried at amortised cost, interest is market-related therefore the amortised cost approximates the fair value.

(#) The derivatives are classified as held-for-trading in terms of IAS 39.
* The exchangeable bonds issued in September 2016 are designated as at fair value through profit or loss.

Fair value hierarchy for financial instruments and investment property
IFRS 13 requires that an entity discloses for each class of financial instruments and investment property
measured at fair value, the level in the fair value hierarchy into which the fair value measurements are
categorised in their entirety.

The fair value hierarchy reflects the significance of the inputs used in making fair value measurements.

The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety shall
be determined on the basis of the lowest level input that is significant to the fair value measurement in its
entirety.

Transfers between level 1, level 2 and level 3
There have been no transfers between level 1, level 2 and level 3 during the period under review.

Level 3 reconciliation
Unaudited 28 February 2017 Unaudited 29 February 2016 Audited 31 August 2016
Gain/(loss) Gain/(loss) Gain/(loss)
Balance at in profit or Balance at in profit or Balance Balance at in profit or
beginning loss for Acquisitions/ Balance at beginning loss for Acquisitions/ at end of beginning loss for Acquisitions/ Balance at
Figures in R'000s of year the period (disposals) end of period of year the period (disposals) period of year the year (disposals) end of year

The fair value gains and losses are included in the fair value adjustment line in profit or loss.

Details of valuation techniques
The valuation techniques used in measuring fair values at 28 February 2017 for financial instruments
measured at fair value in the statement of financial position, as well as the significant unobservable inputs
used is disclosed below. There have been no significant changes in valuation techniques and inputs since
31 August 2016.

Listed securities
Closing market price on the relevant exchange.

Derivative assets and liabilities
Foreign exchange options
The fair value is determined using quoted forward exchange rates at the reporting date and present value
calculations based on high credit quality yield curves in the respective currencies.

Interest rate swaps
The fair value is calculated as the present value of the estimated future cash flows. Estimates of future
floating-rate cash flows are based on quoted swap rates, futures prices and interbank borrowing rates.
Estimated cash flows are discounted using a yield curve constructed from similar sources which reflects the
relevant benchmark interbank rate used by market participants for this purpose when pricing interest rate
swaps. The fair value estimate is subject to a credit risk adjustment that reflects the credit risk of the group
and of the counterparty. This is calculated based on credit spreads derived from current credit default swap
or bond prices.

Cross-currency interest rate swaps
Valued by discounting the future cash flows using the swap curve of the respective currencies at the dates
when the cash flows will take place.

Interest-bearing borrowings at fair value
The exchangeable bonds fair value is determined with reference to the quoted price on the Frankfurt Stock
Exchange.

Investment properties
The valuation policy adopted by management is to revalue investment property at each reporting period,
valued internally for the interim financial statements and externally for the annual financial statements.
The changes in fair value from the previous reporting period is analysed by management.

Current market-related assumptions were applied to the risks in rental streams of properties. Discount rate
in the respective sectors are disclosed below.

At the reporting date, the key assumptions used by the group in determining fair value were in the following
ranges for the group's portfolio of properties:

Measurement of fair value
Valuation techniques
All valuations were completed using the discounted cash flow method of valuation.

Discounted cash flow method:
The valuation model generates a net present value for each property by discounting forecasted future cash
flows and a residual value at the end of the cash flow projection period by the discount rate of each property.
The residual value is calculated by capitalising the net income forecasted for the 12-month period immediately
following the final year of the cash flow at the exit/reversionary capitalisation rate. The discount rate applied
by each valuator is determined by adding a growth rate per property, based on forecasted market-related
rental increases, to the determined capitalisation rate per property. The discount rate is then tested for
reasonableness by benchmarking the rate against recent comparable sales and surveys prepared by
Investment Property Databank/South African Property Owners Association (IPD/SAPOA). The capitalisation
rate is dependent on a number of factors, such as location, the condition of the improvements, current market
conditions, the lease covenants and the risk inherent in the property and is also tested for reasonableness by
benchmarking against recent comparable sales and surveys prepared by IPD/SAPOA.

RESTATEMENTS
Loans receivables - Ma Afrika Tikkun Endowment Trust
In the financial year ended 31 August 2013, Redefine granted Ma Afrika Tikkun Endowment Trust (Ma Afrika)
a loan to acquire Redefine shares. The loan is secured by 55 520 130 Redefine shares and will be repaid
using the dividends on the shares and the proceeds generated by the future sale of shares. As the loan only
has recourse to the shares and no other assets, the issue of the shares on loan account should have, for
accounting purposes, been treated as an option grant which vested on the date when the loan was granted. In
prior years, Redefine accounted for the shares as issued and recognised a loan receivable. The comparatives
for the 29 February 2016 results have been restated to account for the issue of a share option, instead of the
issue of Redefine shares and related loan. The guarantee fee receivable related to this loan has also been
derecognised and is included in the valuation of the option.

Dipula BEE Trust
In 2012, Redefine sold 50 million Dipula Income Fund Limited B shares (Dipula B shares) to the Dipula BEE
Trust for a consideration of R270,0 million and a 33.3% beneficiary interest in the Dipula BEE Trust. The Dipula
BEE Trust obtained bank funding for the purchase of the shares. Redefine in turn provided a guarantee of
R180,0 million and agreed to a put option of R90,0 million (minimum) as security for the bank loan. The Dipula
BEE Trust cannot dispose of the 50 million Dipula B shares without Redefine's approval. Redefine has
assessed that it neither retained nor transferred substantially all the risks and rewards of ownership of
the 50 million Dipula B shares and Redefine retained control of the 50 million Dipula B shares. Therefore,
Redefine should have continued to recognise the 50 million Dipula B shares to the extent of its continuing
involvement. Redefine should also have a recognised an associated liability for the amount it could be required
to pay in terms of the guarantee and put option. In 2012, Redefine derecognised the 50 million Dipula B shares
and recognised a financial guarantee receivable and disclosed the related financial guarantee liability.
Accordingly, this transaction has been restated retrospectively to reflect Redefine's continuing involvement in
the 50 million Dipula B shares and associated liability.

RECLASSIFICATIONS
Derivative assets and liabilities
In the prior periods, the interest rate swaps presented as derivative assets and liabilities were offset.
Accordingly, the derivative assets/liabilities have been reclassified with the change applied retrospectively.
The change is of a non-cash flow nature and has no effect on the distributable income or profit or loss.

Interest accrual on interest-bearing borrowings
In the prior periods, the interest accrual on interest-bearing borrowings was presented together with trade
and other payables. The interest accrual on interest-bearing borrowings has been reclassified to a separate
line on the statement of financial position with the change applied retrospectively. The change is of a non-cash
flow nature and has no effect on the distributable income or profit or loss. There is no impact on the group's
basic or diluted earnings per share and no impact on the total operating, investing or financing cash flows for
the six months ended 29 February 2016.

<pre>Condensed unaudited group results for the six months ended 28 February 2017
Condensed unaudited group results for the six months ended 28 February 2017

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1999/018591/06
JSE share code: RDF ISIN: ZAE000190252
("Redefine" or "the company" or "the group")
(Approved as a REIT by the JSE)

REDEFINE PROPERTIES LIMITED
CONDENSED UNAUDITED GROUP RESULTS
FOR THE SIX MONTHS ENDED 28 FEBRUARY 2017

Redefine's primary mission is to achieve growing cash flows which will deliver quality earnings,
sustained growth in distributions, and long-term growth in total returns for shareholders.

Redefine is listed on the Johannesburg Stock Exchange (JSE) with a market capitalisation of
R60,5 billion (FY2016: R58,1 billion) and is included in the JSE Top 40 index. Redefine's shares, by
volume, are among the most actively traded on the JSE, making it a highly liquid single entry point
for investors to gain exposure to domestic and multiple international real estate markets.

Redefine has a 29.8% (FY2016: 30.1%) equity interest, valued at R4,3 billion (FY2016: R5,0 billion),
in Redefine International PLC (RI PLC) which is listed on both the London Stock Exchange (LSE)
and the JSE. Redefine also has a R6,0 billion (FY2016: R6,3 billion) presence in the Australian
property market through a direct 50.0% (FY2016: 50.0%) interest in North Sydney's landmark
tower, Northpoint, as well as a holding of 25.4% (FY2016: 25.5%) in Cromwell Property Group
(Cromwell), one of the leading property groups listed on the Australian Stock Exchange (ASX).
Redefine has a 39.5% (FY2016: 44.9%) share in Echo Polska Properties N.V. (EPP), valued at
R3,6 billion (FY2016: R3,9 billion). EPP is dual listed on the Luxembourg Stock Exchange (LuxSE)
and the JSE and owns a portfolio of prime retail and office real estate assets throughout Poland.

Redefine acquired an 11.8% share in Mara Delta Property Holdings Limited (Mara Delta) which is
dual listed on the JSE and Mauritian Stock Exchange, as well as a 37.1% interest in Nigerian-based
Oando Wings Development Limited (Oando) through the acquisition of the Pivotal Fund Limited
(Pivotal).

FINANCIAL RESULTS
Redefine's Board has declared a distribution of 44,82 (HY2016: 41,70) cents per share for the
six months ended 28 February 2017, an increase of 7.5% (HY2016: 6.9%) on the comparable period
of the previous year, which is in line with market guidance. Gross distributable income for the
period increased by 24.8% (HY2016: 29.3%), benefiting from a number of substantial quality
acquisitions made.

Property portfolio revenue for the period contributed 99.6% (HY2016: 98.7%) of total revenue,
whilst income from listed securities represented 0.4% (HY2016: 1.3%).

Operating costs were 33.9% (HY2016: 34.4%) of contractual rental income - the improvement is
driven by utility recoveries. Net of electricity and utility recoveries, operating costs were 17.4%
(HY2016: 17.6%) of contractual rental income. The group's domestic investments contributed
77.3% (HY2016: 78.8%) of distributable income and the international investments contributed
22.7% (HY2016: 21.2%).

CHANGES IN FAIR VALUES
The group's property portfolio was internally valued by the directors at 28 February 2017 resulting
in a net increase in value of R156,2 million (HY2016: decrease of R605,9 million). In terms of IAS 40
and IFRS 13, Redefine's investment properties are measured at fair value through profit or loss
using valuation inputs which are categorised as level 3 on the fair value hierarchy. There were no
transfers between levels 1, 2 and 3 during the period.

Redefine issued exchangable bonds during September 2016 and raised EUR150,0 million.
These exchangable bonds are measured at fair value through profit and loss. The fair value is
determined with reference to the quoted price on the Frankfurt Stock Exchange and has been
classified as level 1. The exchangeable bonds were fair valued at 28 February 2017 which resulted
in a R433,5 million decrease in the liability. The fair value of the investment in listed securities'
increased by R152,1 million (HY2016: decrease of R166,6 million) during the period. The balance
of the fair value movements of R53,6 million (HY2016: R230,9 million) relates mainly to the
decrease (HY2016: increase) in the mark-to-market of the group's derivatives, which protect the
group against adverse movements in interest and foreign exchange rates and which were valued
using the swap curve and forward pricing methods respectively. In terms of IAS 39 and IFRS 13,
Redefine's listed securities and derivatives are measured at fair value through profit or loss and
are categorised as level 1 and level 2 respectively.

PROPERTY PORTFOLIO
The portfolio vacancy rate increased marginally during the period by 0.6% (FY2016:0.3%) to 5.5%
(FY2016: 4.9%).

Leases covering 171 208m(2) (HY2016: 282 070m(2)) were renewed during the period at an average rental
increase of 3.1% (HY2016: 4.1%) with the tenant retention rate a pleasing 86.0% (HY2016: 83.0%).
A further 205 213m(2) (HY2016: 171 832m(2)) was let across the portfolio.

The above cost-to-income ratios are calculated in accordance with the SA REIT Association's best
practice recommendations.

REDEFINE'S PORTFOLIO STRATEGY
Redefine continues to advance its strategy of diversifying, growing and improving the quality of
its property portfolio. During the period, management's primary domestic portfolio focus was on
protecting, expanding and improving existing well-located properties.

Pivotal: On 9 January 2017, Redefine acquired 100% of the Pivotal shares in issue. Redefine issued
459 999 805 new shares to the Pivotal shareholders in settlement of the purchase consideration.
The Pivotal acquisition is in line with Redefine's strategy of diversifying, growing and improving the
quality of its portfolio.

Redefine acquired 32 Pivotal properties valued at R10,4 billion (including developments in progress
and land holdings for future development). The portfolio consists of 17 office, 10 retail and five
industrial properties with a total GLA of 436 912m(2), which includes the recently completed Alice
Lane Phase 3 office building. Developments in progress include the Loftus mixed-use development
(Pivotal share: 50.0%) and the Kyalami Corner Shopping Centre (Pivotal share: 80.0%) with a total
project cost of R1,2 billion, which will add a further 89 123m(2) of GLA. The major land holdings acquired
are two industrial sites, Atlantic Hills (Pivotal share: 55%) and S&amp;J Industrial (Pivotal share: 45%).

Other acquisitions: Redefine acquired one industrial property, with a GLA of 10 129m(2), during the
period, for a consideration of R85,0 million, at an initial yield of 9.5%. In addition, two industrial
development sites were acquired for a consideration of R238,8 million. The developable area is
495 993m(2) (Redefine's share: 271 443m(2)).

Student accommodation: During the period Redefine acquired a 90% equity investment of
R337,9 million in Journal Student Accommodation Fund which is based in Australia and which has
received development approval for 804 beds at a well-located site in Melbourne. It is estimated that
the total project cost will be AUD125,0 million (R1,2 billion). Development of the site is anticipated to
commence during June 2017.

Developments (including Pivotal): Redevelopment projects in progress in the existing portfolio
have an approved value of R785,8 million at an average yield of 6.8%. New development projects
covering 265 027m(2) of GLA with an approved value of R4,7 billion at an average yield of 9.4%,
are presently in progress. In addition, industrial infrastructure projects totalling R606,4 million for
the S&amp;J, Brackengate and Atlantic Hills sites are currently underway. Two new future projects with
a value of R1,0 billion which will add a further 60 438m(2) of GLA at a yield of 10.4% have also been
approved. Projects totalling R1,1 billion were completed during the period.

Disposals: Eleven properties (six retail and five office) with a GLA of 88 126m(2), which did not
meet Redefine's investment strategy, were disposed of to various buyers for an aggregate
consideration of R514,8 million, at an average yield of 8.1%. In addition, agreements, subject to the
usual conditions precedent, were concluded for the disposal of 12 (six retail, four office and two
industrial) properties for an aggregate consideration of R1,0 billion, with a GLA of 197 168m(2) at an
average yield of 8.5%. During December 2016, Redefine disposed of its investment in Castellana
Properties SOCIMI in Spain for a consideration of R193,0 million.

Sustainability: As part of Redefine's focus on sustainability and cost-efficiency, various
energy efficient and sustainable building technologies are being implemented in new
developments, as well as in existing buildings, including the installation of solar PV (photo
voltaic) panels and smart metering of electricity and water.

LISTED SECURITIES
During the period Redefine disposed of its investments in Emira Property Fund Limited and Arrowhead
Properties Limited for aggregate proceeds of R1,0 billion. Redefine acquired 13 187 535 Mara Delta
shares with a fair value of R274,0 million at 28 February 2017 as part of the Pivotal acquisition.

INTEREST IN ASSOCIATES AND JOINT VENTURES
Redefine currently holds the following equity-accounted investments:

EPP: During April 2017, Redefine participated in an EPP capital raise and as a result acquired
46 994 595 additional shares for a total consideration of R869,4 million. Redefine's shareholding in
EPP remains unchanged at 39.5% post the capital raise.

Leopard Holdings: Redefine agreed to dispose of its share in German Leopard Holdings to RI PLC
for an aggregate selling price of EUR49,4 million (R679,7 million). The transaction was approved
by RI PLC shareholders (other than Redefine) on 25 April 2017. This investment was included in
non-current assets held-for-sale at 28 February 2017.

Oando: As part of the Pivotal acquisition, Redefine acquired a 37.1% investment in Oando. Oando owns
the Wings Office Complex in Lagos Nigeria, consisting of two towers with a total GLA of 26 942m(2).

FUNDING AND EQUITY RAISES
Redefine's interest-bearing borrowings (net of cash and cash equivalents) represented 39.8%
(FY2016: 38.5%) of the value of its property assets at 28 February 2017. The average cost of Rand-
denominated funding is 9.2% (FY2016: 8.8%) - interest rates are hedged on 90.1% (FY2016: 83.7%) of
local borrowings for an average period of 2.4 years (FY2016: 2.2 years). Including foreign currency
debt and derivatives, the average cost of debt is 7.6% (FY2016: 7.7%) - interest rates are hedged on
83.3% (FY2016: 79.7%) of total borrowings for an average period of 2.6 years (FY2016: 2.2 years).
The interest cover ratio (which includes equity-accounted profits and listed security income) is
4.4x (FY2016: 4.3x).

During the period, Redefine successfully placed secured bonds with a principal amount of
EUR150,0 million (R1,9 billion) bearing a coupon rate of 1.5%, exchangeable in five years into
ordinary shares of RI PLC currently owned by Redefine. The proceeds of the bond issue were used
to partially refinance the JP Morgan bridge facility raised for the EPP transaction during 2016.
The balance of the bridge facility has been refinanced through a combination of secured offshore
bank funding and local bonds with cross currency swaps.

Redefine had unutilised committed bank facilities of R4,6 billion (FY2016: R3,4 billion)
at 28 February 2017 which provides assurance that the group will be able to meet its short-term
commitments. The majority of the short-term portion of interest-bearing borrowings are
being refinanced.

Redefine conserved R527,1 million in cash through the issue of 50,2 million shares under the
November 2016 dividend re-investment alternative, which was accepted by shareholders holding
47% of the share capital. On 9 January 2017, Redefine issued 460 million shares pursuant to the
Pivotal acquisition.

Moody's credit rating: The rating was last refreshed during July 2016 and remains unchanged
as follows:
Global long-term Baa3 Global short-term P-3
National long-term Aa2.za National short-term P-1.za

During November 2016, Moody's assigned a Baa3 long-term global rating to the EUR150,0 million
senior secured exchangeable bonds issued by Redefine. The outlook on the rating is stable.

PROSPECTS
Political and fiscal stability go to the heart of restoring the domestic economy to a sustainable
growth path. The direction of politics in the coming weeks and months will dictate the direction of the
economy. To arrest the path South Africa is currently on, significant policy reform is required in the
areas of labour, empowerment, property rights and education. Structural issues hindering growth,
such as policy uncertainty, corruption and bureaucracy also need to be collectively addressed -
at present, the political will or ability is not evident and we will unfortunately have to adapt our
approach to operating in a subdued growth and volatile environment for the foreseeable future.

On the international front, low interest rates, volatile exchange rate movements and tepid growth
are set to continue.

Redefine's diversified asset platform has been structured to continue the process of creating
value at low risk, and this, combined with a motivated and aligned management team focused on
disciplined execution of what matters most, reinforces the determination to realise Redefine's
vision of being the best South African REIT.

Prospects for 2017 are subject to numerous factors which remain uncertain, including volatile
financial markets, and the continuing possibility of further sovereign credit downgrades. Growth in
distributable income per share for 2017 is anticipated to range between 7% and 8%. This forecast is
predicated on the assumption that current trading conditions will largely prevail. Forecast rental
income is based on contractual terms and anticipated market-related renewals. The forecast has
not been reviewed or reported on by the group's independent external auditors.

Redefine's use of distribution per share as a relevant measure of financial performance remains
unchanged from prior years.

DECLARATION OF A CASH DIVIDEND WITH THE ELECTION TO REINVEST THE CASH DIVIDEND IN RETURN FOR REDEFINE
SHARES
The directors of Redefine have declared an interim cash dividend of 44,82000 cents per share, for the
six months ended 28 February 2017, from the company's distributable income (the cash dividend).

Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the
cash dividend in return for Redefine shares (the share reinvestment alternative), failing which they
will receive the cash dividend of 44,82000 cents per share that will be paid to those shareholders
not electing to participate in the share reinvestment alternative.

A circular providing further information in respect of the cash dividend and the share reinvestment
alternative will be posted to Redefine shareholders on 12 May 2017.

Shareholders who have dematerialised their shares through a Central Securities Depository
Participant (CSDP) or broker should instruct their CSDP or broker with regard to their election in
terms of the custody agreement entered into between them and their CSDP or broker.

2017
Circular and form of election posted to shareholders Friday, 12 May
Finalisation information including the share ratio and price per share
published on SENS Tuesday, 23 May
Last day to trade in order to participate in the election to receive shares in
terms of the share reinvestment alternative or to receive a cash dividend
("LDT") Tuesday, 30 May
Shares trade ex-dividend Wednesday, 31 May
Listing of maximum possible number of shares under the share
reinvestment alternative Friday, 2 June
Last day to elect to receive shares in terms of the share reinvestment
alternative or to receive a cash dividend (no late forms of election will be
accepted) at 12:00 (SA time) Friday, 2 June
Record date for the election to receive shares in terms of the share
reinvestment alternative or to receive a cash dividend
("record date") Friday, 2 June
Announcement of results of cash dividend and the share reinvestment
alternative released on SENS Monday, 5 June
Cash dividend paid to certification shareholders on or about Monday, 5 June
Accounts credited by CSDP or broker to dematerialised shareholders with
the cash dividend payment Monday, 5 June
Share certificates posted to certificated shareholders on or about Wednesday, 7 June
Accounts updated with the new shares (if applicable) by CSDP or broker to
dematerialised shareholders Wednesday, 7 June
Adjustment to shares listed on or about Friday, 9 June

Notes:
Shareholders electing the share reinvestment alternative are alerted to the fact that the new shares
will be listed on LDT + 3 and that these new shares can only be traded on LDT + 3, due to the fact that
settlement of the shares will be three days after the record date, which differs from the conventional one
day after record date settlement process.

Shares may not be dematerialised or rematerialised between Wednesday, 31 May 2017 and Friday, 2 June 2017,
both days inclusive. The above dates and times are subject to change. Any changes will be released on SENS.

TAX IMPLICATIONS
Redefine was granted REIT status by the JSE with effect from 1 September 2013 in line with the
REIT structure as provided for in the Income Tax Act, 58 of 1962, as amended (the Income Tax Act)
and section 13 of the JSE Listings Requirements. The REIT structure is a tax regime that allows
a REIT to deduct qualifying distributions paid to investors, in determining its taxable income. The
cash dividend of 44,82000 cents per share meets the requirements of a qualifying distribution for
the purposes of section 25BB of the Income Tax Act (a qualifying distribution) with the result that:

- Qualifying distributions received by resident Redefine shareholders must be included in the gross
income of such shareholders (as a non-exempt dividend in terms of section 10(1)(k)(aa) of the
Income Tax Act), with the effect that the qualifying distribution is taxable as income in the hands
of the Redefine shareholder. These qualifying distributions are, however, exempt from dividends
withholding tax, provided that the South African resident shareholders provided the following
forms to their CSDP or broker, as the case may be, in respect of uncertificated shares, or the
company, in respect of certificated shares:
- a declaration that the dividends are exempt from dividends tax; and
- a written undertaking to inform the CSDP, broker or the company, as the case may be, should
the circumstances affecting the exemption change or the beneficial owner cease to be the
beneficial owner, both in the form prescribed by the Commissioner for the South African
Revenue Service.

Shareholders are advised to contact their CSDP, broker or the company, as the case may be, to
arrange for the abovementioned documents to be submitted prior to payment of the distribution,
if such documents have not already been submitted.

- Qualifying distributions received by non-resident Redefine shareholders will not be taxable as
income and instead will be treated as ordinary dividends, but which are exempt in terms of the
usual dividend exemptions per section 10(1)(k) of the Income Tax Act. On 22 February 2017, the
dividends withholding tax rate was increased from 15% to 20% and accordingly, any qualifying
distribution will be subject to dividends withholding tax at 20%, unless the rate is reduced in terms
of any applicable agreement for the avoidance of double taxation (DTA) between South Africa and
the country of residence of the shareholder. Assuming dividends withholding tax will be withheld
at a rate of 20%, the net dividend amount due to non-resident shareholders is 35,8560 cents per
share. A reduced dividend withholding rate in terms of the applicable DTA, may only be relied upon
if the non-resident shareholder has provided the following forms to their CSDP or broker, as the
case may be, in respect of uncertificated shares, or the company, in respect of certificated shares:
- a declaration that the dividend is subject to a reduced rate as a result of the application of a
DTA; and
- a written undertaking to inform their CSDP, broker or the company, as the case may be,
should the circumstances affecting the reduced rate change or the beneficial owner cease
to be the beneficial owner both in the form prescribed by the Commissioner for the South
African Revenue Service.

Non-resident shareholders are advised to contact their CSDP, broker or the company, as the
case may be, to arrange for the abovementioned documents to be submitted prior to payment of
the dividend if such documents have not already been submitted, if applicable.

Shareholders are advised that in electing to participate in the share reinvestment alternative,
pre-taxation funds are utilised for the reinvestment purposes and that taxation will be due on the
total cash dividend amount of 44,820000 cents per share.

OTHER INFORMATION
- The ordinary issued share capital of Redefine is 5 572 378 410 ordinary shares of no par value
before any election to reinvest the cash dividend.
- Income tax reference number of Redefine: 917/852/484/0.

The cash dividend or the share reinvestment alternative may have tax implications for resident
as well as non-resident shareholders. Shareholders are therefore encouraged to consult their
professional advisers should they be in any doubt as to the appropriate action to take.

DIVIDEND DECLARATION AFTER REPORTING DATE
In line with IAS 10 Events after the Reporting Period, the declaration of the dividend occurred after
the end of the reporting period, resulting in a non-adjusting event which is not recognised in these
financial statements.

RESTATEMENTS
The results for the six months ended 29 February 2016 have been restated in accordance with the
restatements in the 31 August 2016 audited group annual financial statements. For further details
refer to prior period restatements and reclassifications below.

CHANGES IN DIRECTORATE
The following Board changes took effect on 9 February 2017:

- Bridgitte Mathews was appointed as an independent non-executive director.
- Independent non-executive director, Günter Steffens and non-executive director, Mike Watters did
not stand for re-election at the annual general meeting. Redefine thanks them for their valuable
contributions during their term of office.
- Executive directors David Rice and Mike Ruttell have stepped down from the Board but remain
members of the company's senior executive management team and standing invitees to meetings
of the Board.

BASIS OF PREPARATION
The condensed unaudited consolidated interim financial statements are prepared in accordance
with International Financial Reporting Standard, IAS 34 Interim Financial Reporting, the SAICA
Financial Reporting Guides as issued by the Accounting Practices Committee and Financial
Pronouncements as issued by Financial Reporting Standards Council and the requirements of the
Companies Act of South Africa and the JSE Listings Requirements. The accounting policies applied
in the preparation of these interim financial statements are in terms of International Financial
Reporting Standards and are consistent with those applied in the previous financial statements.
Leon Kok CA(SA), Redefine's financial director, was responsible for supervising the preparation
of these condensed consolidated interim financial statements. </pre>

March 2017

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of
a director of Redefine:

Name of associate: Clearwater Capital Holdings (Pty) Ltd ("Clearwater
Capital")
Name of director: Harish Mehta
Relationship to director: The HKM Family Trust (of which Harish Mehta is a trustee
and beneficiary) is a shareholder of Clearwater Capital
Harish Mehta is the sole director of Clearwater Capital
The HKM Family Trust No 2 (of which Harish Mehta is a
trustee and beneficiary) is the sole shareholder of
Clearwater Capital (Pty) Ltd, which is the manager of
Clearwater Capital
Transaction date: 30 March 2017
Class of securities: Ordinary shares
Nature of transaction: Off-market zero cost collar hedge over 6 100 000 Redefine
shares with, in each case, a short put strike price of
R10.4400, a long put strike price of R11.6000 and a call
strike price of R12.1220 with an expiry date of 29 March
2018
Nature and extent of director´s interest: Indirect beneficial

31 March 2017

Sponsor
Java Capital

Date: 31/03/2017 05:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are referred to the announcement released on SENS on 24 March 2016 wherein shareholders were
advised that Clearwater Property Holdings No 5 (Pty) Ltd ("Clearwater"), an associate of Harish Mehta (by virtue of
his indirect holding in Clearwater), a director of the company, had entered into a zero-cost collar hedge (the "collar"),
in respect of in aggregate 10 000 000 Redefine shares, having a long put strike price of R10.9420 and a short call
strike price of R11.9095, which collar would settle on 20 March 2017 (the "settlement date"). The price of Redefine
shares at the settlement date was higher than the long put strike price of R10.9420 and lower than the call strike price
of R11.9095. As a result thereof, neither of the options were exercised and there will be no change in the beneficial
ownership in respect of the director´s shareholding.

23 March 2017

Sponsor
Java Capital

Date: 23/03/2017 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

February 2017

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

PRE-CLOSE WEBCAST

Redefine shareholders are advised that the company is hosting a pre-close live webcast at 12:00 (SA time)
on Tuesday, 28 February 2017, in order to provide investors with an update in respect of Redefine's business
activities for the first half of the 2017 financial year.

The webcast is available for viewing at: http://www.corpcam.com/Redefine28022017

Once concluded, a recording of the webcast will be available on Redefine´s website at www.redefine.co.za.

28 February 2017

Sponsor
Java Capital

Date: 28/02/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Results of annual general meeting
Results of annual general meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "Company")

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the annual general meeting of shareholders held on Thursday,
9 February 2017 (in terms of the notice dispatched on 30 December 2016) all the resolutions tabled thereat (including
special resolution number 6 which was modified as detailed in the announcement released on SENS on
2 February 2017) were passed by the requisite majority of Redefine shareholders.

Details of the results of voting at the annual general meeting are as follows:

- total number of Redefine shares in issue as at the date of the annual general meeting: 5 572 378 410
- total number of Redefine shares that could have been voted at the annual general meeting (excluding the
treasury shares): 5 566 501 644
- total number of Redefine shares that were present/represented at the annual general meeting: 4 335 258 353
being 78% of the total number of Redefine shares that could have been voted at the annual general meeting.

Shareholders are advised that special resolution numbers 5 and 6 relating to the increase in the Company´s authorised
share capital and the adoption by the Comp any of a new Memorandum of Incorporation will be lodged with the
Companies and Intellectual Property Commission for registration.

9 February 2017

Sponsor
Java Capital

Date: 09/02/2017 05:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Proposed modification of special resolution number 6 proposed for adoption at the annual general meeting of Redefine
Proposed modification of special resolution number 6 proposed for adoption at the annual general meeting of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

PROPOSED MODIFICATION OF SPECIAL RESOLUTION NUMBER 6 PROPOSED FOR ADOPTION AT
THE ANNUAL GENERAL MEETING OF REDEFINE

Shareholders are referred to the notice of annual general meeting sent to shareholders on 30 December 2016 and in
particular to special resolution number 6 in terms of which the company is proposing to abrogate its existing
Memorandum of Incorporation in its entirety and replace same with a new Memorandum of Incorporation.

Following feedback from institutional shareholders and in order to further enhance good corporate governance,
Redefine is proposing to provide for the rotation of the executive directors of the company in the proposed new
Memorandum of Incorporation. The Memorandum of Incorporation already provides for the rotation of non-executive
directors.

Accordingly, the following clause 26.10.2 has been included in the proposed new Memorandum of Incorporation:

"26.10.2. the executive Directors shall rotate in accordance with the following provisions -

26.10.2.1. at each annual general meeting referred to in clause 20.4, 1/3 (one-third) of the executive
Directors for the time being, or if their number is not three or a multiple of three, the number
nearest to 1/3 but not less than 1/3, shall retire from office;"

A copy of the proposed new Memorandum of Incorporation (incorporating the above and other consequential but
immaterial amendments to clause 26) is available on the company´s website, www.redefine.za.

The Redefine annual general meeting will be held on Thursday, 9 February 2017 at 13h00 at Rosebank Towers, Office
Level 5, 19 Biermann Avenue, Rosebank, Johannesburg.

2 February 2017

Sponsor
Java Capital

Date: 02/02/2017 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

CORRECTION TO DIRECTORS DEALINGS IN SECURITIES ANNOUNCEMENT

Shareholders are referred to the announcement released on SENS on 19 December 2016, in relation to the
vesting of the fourth tranche of the award of restricted shares under the Restricted Share Scheme of the
Redefine Executive Incentive Scheme (the "Restricted Share Scheme") and are advised that the disclosure
in respect of Marc Wainer was incorrectly stated as 287 000 Redefine ordinary shares having vested in terms
of the Restricted Share Scheme. The actual number of Redefine ordinary shares that vested in terms of the
Restricted Share Scheme was 287 400 (settled at a weighted average price of R10.3103 per share), resulting
in a total transaction value of R2 963 180.22.

1 February 2017

Sponsor
Java Capital
Date: 01/02/2017 03:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

January 2017

<pre>Dealings in securities by an associate of a director of Redefine
Dealings in securities by an associate of a director of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000143178
(Approved as a REIT by the JSE)
("Redefine")

DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF REDEFINE

Further to the scheme of arrangement (the "scheme") entered into between The Pivotal Fund Limited
("Pivotal") and the Pivotal shareholders (the "scheme participants"), Redefine acquired the entire issued share
capital of Pivotal in exchange for the issue of, in aggregate, 460 000 000 Redefine shares and the delivery by
Redefine of 31 153 281 Echo Polska Properties N.V. shares to the scheme participants. Accordingly,
shareholders are advised of the following information relating to dealings in securities by an associate of a
director of Redefine pursuant to the associate´s participation in the scheme as a scheme participant:

Name of associate: Ellwain Investments Proprietary Limited ("Ellwain")
Name of director and relationship to director: Marc Wainer has a 50% interest in Ellwain, the entity which
entered into the transaction
Transaction date: 6 January 2017
Class of securities: Ordinary shares
Number of securities: 3 710 242
Price per security: R10.63
Total value: R39 439 872.46
Nature of transaction: Off-market acquisition of shares pursuant to the scheme
Nature and extent of director´s interest: Indirect beneficial

11 January 2017

Sponsor
Java Capital

Date: 11/01/2017 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

Date: 11/01/2017 02:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

THE PIVOTAL FUND LIMITED REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06) (Registration number 1999/018591/06)
JSE share code: PIV ISIN: ZAE000196440 JSE share code: RDF ISIN: ZAE000190252
("Pivotal") (Approved as a REIT by the JSE)
("Redefine")

CASH PAYMENT IN RESPECT OF FRACTIONAL ENTITLEMENTS

Shareholders are referred to the previous announcements released on SENS, the last of which was released on 22 December 2016
regarding, inter alia, a scheme of arrangement ("scheme") in terms of section 114 of the Companies Act (read with section 115 of
the Companies Act) proposed by the Pivotal board (on recommendation of the independent board) between Pivotal and the Pivotal
shareholders ("scheme participants"), in terms of which, as indivisible components:

- Redefine will acquire the entire issued share capital of Pivotal in exchange for the issue of, in aggregate, 460 000 000
Redefine shares to the scheme participants, which translates into an assumed swap ratio of 1.38537 Redefine shares per
scheme share; and

In terms of the provisions of the Listings Requirements regarding fractional entitlements, any entitlement to a fraction of a
Redefine share or an EPP share, as the case may be, will be rounded down to the nearest whole number (resulting in allocations of
whole Redefine shares and EPP shares only), with a cash payment being made to the relevant Pivotal shareholder in respect of the
fraction. The cash payment due to a Pivotal shareholder will be determined with reference to the volume weighted average price
of Redefine shares and EPP shares on the JSE on Wednesday, 4 January 2017, less 10% (as prescribed by the Listings
Requirements).

The gross amount of the cash payment per fractional entitlement will be paid to Pivotal shareholders entitled thereto.

Cash payment in respect of a Redefine share

Shareholders are advised that the value of a Redefine share to be utilised in determining the cash payment due to a Pivotal
shareholder in respect of any fractional entitlement is R10.15245.

Assuming that a Pivotal shareholder holds 100 Pivotal shares at the close of business on the record date for implementation of the
scheme, being Friday, 6 January 2017, such Pivotal shareholder will be entitled to receive 138.537 Redefine shares in terms of the
scheme. However, applying the rounding principle detailed above, the Pivotal shareholder will, following the implementation of
the scheme, hold 138 Redefine shares and receive a cash payment in respect of the fractional entitlement of R5.45187, being
R10.15245 x 0.537.

From a South African tax perspective, the cash payment in respect of a Redefine share should constitute proceeds in respect of the
disposal of the Pivotal shares by the relevant Pivotal shareholder which may (depending on such shareholder´s particular tax
status) be subject to capital gains tax or income tax in the hands of the Pivotal shareholder, depending on whether the Pivotal
shares were held as capital assets or trading stock, respectively. The tax relief in section 42 of the Income Tax Act No, 58 of 1962
("Income Tax Act") applicable to the exchange of the Pivotal shares for Redefine shares will not apply to a cash payment for
fractional entitlements and the relevant Pivotal shareholder may accordingly (depending on such shareholder´s particular tax
status) be required to account for any capital gains tax or income tax, depending on whether the Pivotal shares were held as capital
assets or trading stock, respectively, on the cash payment.

Cash payment in respect of an EPP share

Shareholders are advised that the value of an EPP share to be utilised in determining the cash payment due to a Pivotal
shareholder in respect of any fractional entitlement is R17.55260.
Assuming that a Pivotal shareholder holds 100 Pivotal shares at the close of business on the record date for implementation of the
scheme, being Friday, 6 January 2017, such Pivotal shareholder will be entitled to receive 9.382 EPP shares in terms of the
scheme. However, applying the rounding principle detailed above, the Pivotal shareholder will, following the implementation of
the scheme, hold 9 EPP shares and receive a cash payment in respect of the fractional entitlement of R6.70509, being
R17.55260 x 0.382.

The cash payment in respect of an EPP share should not attract any South African tax.

Salient dates and times

The salient dates and times announced on 31 October 2016 remain unchanged.

5 January 2017

Corporate advisor and sponsor to Redefine
Java Capital

Sponsor to Pivotal
Java Capital

Date: 05/01/2017 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

December 2016

<pre>No change statement and notice of annual general meeting
No change statement and notice of annual general meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Redefine shareholders are advised that the company´s integrated report and the audited annual financial statements for
the financial year ended 31 August 2016 ("integrated report"), is available with immediate effect on the company´s
website, www.redefine.co.za, and contains no changes to the Summary of audited group results for the year ended
31 August 2016, released on SENS on 3 November 2016.

The summarised audited financial statements for the financial year ended 31 August 2016, together with the notice of
annual general meeting was dispatched to shareholders today, 30 December 2016, and contains a notice of annual
general meeting of shareholders of Redefine, which will be held on Thursday, 9 February 2017 at 13h00 at Rosebank
Towers, Office Level 5, 19 Biermann Avenue, Rosebank, Johannesburg.

The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday,
31 January 2017 and the record date for voting purposes is Friday, 3 February 2017.

30 December 2016

Sponsor
Java Capital

Date: 30/12/2016 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

THE PIVOTAL FUND LIMITED REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06) (Registration number 1999/018591/06)
JSE share code: PIV ISIN: ZAE000196440 JSE share code: RDF ISIN: ZAE000190252
("Pivotal") (Approved as a REIT by the JSE)
("Redefine")

FINALISATION ANNOUNCEMENT IN RESPECT OF SCHEME OF ARRANGEMENT

Shareholders are referred to the announcements released on SENS on 30 August 2016, 31 October 2016 and 29 November 2016
regarding, inter alia, a scheme of arrangement ("scheme") in terms of section 114 of the Companies Act (read with section 115 of
the Companies Act) proposed by the Pivotal board (on recommendation of the independent board) between Pivotal and the Pivotal
shareholders ("scheme participants"), in terms of which, as indivisible components:

- Redefine will acquire the entire issued share capital of Pivotal in exchange for the issue of, in aggregate, 460 000 000
Redefine shares to the scheme participants; and

The boards of Pivotal and Redefine are pleased to announce that all outstanding conditions precedent to the scheme have now
either been fulfilled or waived. The salient dates and times previously announced on SENS on 31 October 2016 in respect of the
implementation of the scheme remain unchanged.

22 December 2016

Corporate advisor and sponsor to Redefine
Java Capital

Sponsor to Pivotal
Java Capital

Legal advisor to Redefine
Cliffe Dekker Hofmeyr

Legal advisor to Pivotal
enS Africa

Date: 22/12/2016 11:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings in securities by directors and associates of directors of Redefine
Dealings in securities by directors and associates of directors of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF REDEFINE

Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the first
tranche of the award of shares, made pursuant to the provisions of the Redefine Short-Term Incentive Scheme
("the STI Scheme"), whereby a portion of the 2015 short-term incentive payable under the STI Scheme was
settled by the grant of restricted shares under the Restricted Share Scheme as disclosed in the announcement
released on SENS on 17 November 2015. The STI Scheme purchased 387 687 shares on-market at a weighted
average price of R10.3103 per share in order to settle the following awards on 12 December 2016*:

Name of director: Marc Wainer
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 113 910
Total value of transaction: R1 174 447.027
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: Andrew König
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 86 749
Total value of transaction: R894 411.153
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: David Rice
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 76 628
Total value of transaction: R790 063.186
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: Leon Kok
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 66 611
Total value of transaction: R686 779.993
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Shareholders are further advised of the following information relating to the award of shares pursuant to the
provisions of the Redefine Short-Term Incentive Scheme ("the STI scheme") whereby a portion of the 2016
short-term incentive payable under the STI scheme may be settled by the grant of restricted shares under the
Restricted Share Scheme; which shares will vest in three equal tranches on 30 November 2017 and each year
thereafter:

Name of director: Marc Wainer
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 496 390
Price per security: RNil
Total value of transaction: R5 117 781.00, being the total deemed value calculated
using the volume weighted average price for the 5 days
prior to the transaction date, ex dividend, of R10.31 per
share ("the 5 day vwap")
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 362 723.569
Price per security: RNil
Total value of transaction: R3 739 680.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: David Rice
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 308 962.755
Price per security: RNil
Total value of transaction: R3 185 406.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 278 519.884
Price per security: RNil
Total value of transaction: R2 871 540.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Mike Ruttell
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 178 952.473
Price per security: RNil
Total value of transaction: R1 845 000.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are further advised of the following dealings in relation to the vesting of the fourth tranche of the
award of restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme ("the
Restricted Share Scheme") disclosed in the announcement released on SENS on 7 May 2013. The Restricted
Share Scheme purchased 971 970 shares on-market at a weighted average price of R10.3103 per share in order
to settle the following awards on 12 December 2016*:

Name of director: Marc Wainer
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 287 000
Total value of transaction: R2 959 056.10
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: Andrew König
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 172 440
Total value of transaction: R1 777 908.132
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Shareholders are further advised of the following dealings in securities in relation to the vesting of the third
tranche of the award of restricted shares under the Restricted Share Scheme disclosed in the announcement
released on SENS on 28 November 2014. The Restricted Share Scheme purchased 296 980 shares on-market at
a weighted average price of R10.3103 per share in order to settle the following awards on 12 December 2016*:

Name of director: Leon Kok
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 153 280
Total value of transaction: R1 580 362.784
Nature of transaction: Off-market vesting of shares in terms of the Restricted
Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Shareholders are further advised of the following information relating to the grant and acceptance of shares
offered under the Restricted Share Scheme in accordance with the following conditions:

- upon the acceptance of the award of restricted shares under the Restricted Share Scheme ("restricted
shares"), vesting will occur on 30 November 2019; and

- 75% of the award is subject to certain performance conditions relating to growth in distributions per share
in relation to peer companies, performance relative to approved budget and achievement of individual key
performance indicators.

Name of director: Marc Wainer
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 475 000
Price per security: Rnil
Total value of transaction: R4 897 250.00, being the total deemed value calculated
using the volume weighted average price for the 5 days
prior to the transaction date, ex dividend, of R10.31 per
share ("the 5 day vwap")
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 365 000
Price per security: Rnil
Total value of transaction: R3 763 150.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: David Rice
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 267 000
Price per security: Rnil
Total value of transaction: R2 752 770.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 248 000
Price per security: Rnil
Total value of transaction: R2 556 880.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Mike Ruttell
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 163 000
Price per security: Rnil
Total value of transaction: R1 680 530.00, being the total deemed value calculated
using the 5 day vwap
Nature of transaction: Off-market acceptance of the restricted shares offered in
terms of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised of the following dealings in securities in relation to the matching of qualifying
shares held for 3 years under the Matching Scheme of the Redefine Executive Incentive Scheme ("the
Matching Scheme") at a maximum multiple of 3, disclosed in the announcement released on SENS on 29
November 2013.

Name of company secretary: David Rice
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 239 766
Price per security: R10.3103
Total value of transaction: R2 472 059.389
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of company secretary: Mike Ruttell
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 21 505
Price per security: R10.3103
Total value of transaction: R221 723.001
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised of the following dealings in securities following the matching of qualifying
shares under the Matching Scheme disclosed above:

Name of company secretary: David Rice
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 101 901
Price per security: R10.3522
Total value of transaction: R1 054 899.532
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised of the following dealings in securities in relation to the purchase of shares under
the Matching Scheme of the Redefine Executive Incentive Scheme ("the Matching Scheme"):

Name of company secretary: David Rice
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 107 411
Price per security: R10.46
Total value of transaction: R1 123 519.060
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of company secretary: Mike Ruttell
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 9332
Price per security: R10.46
Total value of transaction: R97 612.720
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

19 December 2016

Sponsor
Java Capital

Date: 19/12/2016 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

THE PIVOTAL FUND LIMITED REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06) (Registration number 1999/018591/06)
JSE share code: PIV ISIN: ZAE000196440 JSE share code: RDF ISIN: ZAE000190252
("Pivotal") (Approved as a REIT by the JSE)
("Redefine")

UPDATED SALIENT DATES AND TIMES IN RESPECT OF SCHEME OF ARRANGEMENT

Shareholders are referred to the announcements released on SENS on 30 August 2016, 31 October 2016 and 29 November 2016
regarding, inter alia, a scheme of arrangement ("scheme") in terms of section 114 of the Companies Act (read with section 115 of
the Companies Act) proposed by the Pivotal board (on recommendation of the independent board) between Pivotal and the Pivotal
shareholders ("scheme participants"), in terms of which, as indivisible components:

- Redefine will acquire the entire issued share capital of Pivotal in exchange for the issue of, in aggregate, 460 000 000
Redefine shares to the scheme participants; and

Shareholders are advised that as the scheme remains subject, inter alia, to the conclusion of the Setso BEE transaction, the salient
dates for the scheme will therefore need to be revised. Set out below are the updated salient dates and times in respect of the
scheme.
2016

Finalisation date expected to be on Wednesday, 21 December
Finalisation date announcement expected to be released on SENS on Thursday, 22 December
Finalisation date announcement expected to be published in the press on Friday, 23 December

2017

Expected last day to trade in order to participate in the scheme Tuesday, 3 January
Suspension of listing of Pivotal shares on the JSE expected to take place at the
commencement of trade on Wednesday, 4 January
Commencement of trade in Redefine consideration shares and EPP settlement shares
expected to take place at the commencement of trade on or about Wednesday, 4 January
Announcement on SENS of cash payment due to shareholders in terms of the fractional
entitlement principle, determined with reference to the VWAP of Redefine shares and EPP
shares respectively on the JSE on Wednesday, 4 January 2017, less 10% (as prescribed by
the Listings Requirements) Thursday, 5 January
Expected scheme record date Friday, 6 January
EPP transfer date/second operative date Monday, 9 January
Certificated shareholders expected to have their accounts (held at their CSDP or broker)
credited with the Redefine consideration shares and EPP settlement shares to which they are
entitled (provided their form of surrender and transfer (blue) and documents of title are
received on or before 12:00 on the scheme record date) on or about Monday, 9 January
Dematerialised shareholders expected to have their accounts (held at their CSDP or broker)
credited with the Redefine consideration shares and EPP settlement shares to which they are
entitled on or about Monday, 9 January
Cash payment due to shareholders in terms of the fractional entitlement in respect of the
Redefine consideration shares and EPP settlement shares Monday, 9 January
Termination of listing of Pivotal shares on the JSE expected to take place at the
commencement of trade on or about Tuesday, 10 January

15 December 2016

Corporate advisor and sponsor to Redefine
Java Capital

Sponsor to Pivotal
Java Capital

Legal advisor to Redefine
Cliffe Dekker Hofmeyr

Legal advisor to Pivotal
enS Africa

Date: 15/12/2016 05:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Changes to the board of directors and to the composition of board committees
Changes to the board of directors and to the composition of board committees

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the Company")

CHANGES TO THE BOARD OF DIRECTORS AND TO THE COMPOSITION OF BOARD COMMITTEES

Shareholders are advised that the directors of Redefine have approved the restructuring of the Company´s
Board and Board Committees (the "restructure") as set out hereunder.

The restructure is a result of an ongoing review process, by the Nomination Committee, with regard to the
composition of the Board and Board Committees as well as the need for succession planning and renewal,
and aims to align the Company with Corporate Governance requirements. The restructure was supported by
all parties involved and will be effective 9 February 2017 (the "effective date").

To allow for additional transformation at Board level, independent non-executive director, Gunter Steffens
and non-executive director, Mike Watters, who were due to retire by rotation at the upcoming annual general
meeting of the Company to be held on 9 February 2017, have indicated that they will withdraw from the
Board on the effective date and will accordingly not offer themselves for re-election at the upcoming annual
general meeting.

Furthermore, and taking into consideration King III´s recommendation of ensuring that the Board comprises
of a majority of non-executive directors, of whom the majority should be independent, executive directors,
David Rice, Chief Operating Officer, and Mike Ruttell, Executive Director: Development, who is also a
member of the Social and Ethics Committee, will withdraw from the Board on the effective date, but will
remain members of the Company´s senior executive management team and standing invitees to meetings of
the Board.

Bridgitte Mathews, CA(SA), HDip Tax, has been appointed as an independent non-executive director of the
Company with effect from 9 February 2017. She serves as an independent non-executive director on the
boards of several companies including OneLogix Group Limited, Suidwes Agriculture Group (RF) (Pty) Ltd
and Agrinet (Pty) Ltd, PSG Group Limited and PSG Financial Services Limited. She is also the deputy
chairperson of ATKV NPC and is the chairperson of the board of trustees of the Redefine Empowerment
Trust. On the effective date, Bridgitte Mathews will be appointed as a member of the Nomination
Committee and as the Chairperson and a member of the Remuneration Committee.

Phumzile Langeni, currently an independent non-executive director of Redefine, will be appointed as the
chairperson and a member of the Audit and Risk Committee. David Nathan will remain a member of the
Audit and Risk Committee and on the board of directors of Redefine as an independent non-executive
director.

Nomalizo Langa-Royds, currently an independent non-executive director of Redefine, will be appointed as
the chairperson and a member of the Social and Ethics Committee. David Nathan will remain a member of
the Social and Ethics Committee.

The board of directors welcomes Bridgitte Mathews to Redefine and thanks the outgoing directors in
advance for their invaluable contributions to the Company and wishes them well in the future.

2 December 2016

Sponsor

Java Capital

Date: 02/12/2016 12:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings in securities by directors and associates of directors of Redefine
Dealings in securities by directors and associates of directors of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF REDEFINE

Shareholders are advised that pursuant to the declaration of a cash dividend for the year ended 31 August 2016
with an election to reinvest the cash dividend in return for shares, the results of which were announced on
Monday, 28 November 2016 (the "share reinvestment alternative"), directors of the company elected to
reinvest the cash dividend in respect of shares held by them under the Matching Scheme of the Redefine
Executive Incentive Scheme and received shares as follows:

Shareholders are further advised that pursuant to the share reinvestment alternative, directors and associates of
directors of Redefine, elected to reinvest the cash dividend in respect of shares held by them, and received
shares as follows:

Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 25 November 2016
Class of securities: Ordinary shares
Number of securities: 5 862
Price per security: R10.53
Total value of transaction: R61 726.86
Nature of transaction: Off-market reinvestment in terms of share reinvestment
alternative
Nature and extent of director´s interest: Not applicable

1 December 2016

Sponsor
Java Capital

Date: 01/12/2016 11:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

November 2016

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a cash dividend of 44.30 cents per share (the "cash dividend") with an
election to reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"),
announced on SENS on 3 November 2016 (the "declaration announcement") for the year ended 31 August 2016 and
the announcement of the reinvestment price per new share (being R10.53 per share) applicable to Redefine
shareholders electing the share alternative, released on SENS on 15 November 2016.

Shareholders holding 1 218 627 499 Redefine shares or 24.07% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 50 070 862 new Redefine
shares, retaining R527 million (based on the issue price of R10.53 per new share after accounting for the applicable
dividend withholding tax in respect of non-resident shareholders) in new equity for Redefine. Accordingly, a total
cash dividend of R1.7 billion is payable today in respect of 3 843 680 244 Redefine shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Redefine´s transfer secretaries will have their bank accounts credited on
28 November 2016. Share certificates in respect of certificated shareholders who did elect the share alternative in
respect of some or all of their shares will be posted on Wednesday, 30 November 2016 to certificated shareholders at
their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders
who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend
on 28 November 2016 and the Central Securities Depository Participants or broker custody accounts of dematerialised
shareholders who did elect the share alternative in respect of some or all of their shares will be credited on
Wednesday, 30 November 2016 with their new Redefine shares.

28 November 2016

Corporate advisor and sponsor
Java Capital

Java Capital

Date: 28/11/2016 02:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of
a director of Redefine:

Name of associate: Clearwater Property Holdings No 4 (Pty) Ltd
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in
Clearwater Property Holdings No 4 (Pty) Ltd, of which
Harish Mehta is the sole director. The HKM Family Trust
No 2 (of which Harish Mehta is a trustee and beneficiary) is
the sole shareholder of Clearwater Capital (Pty) Ltd, which
is the general partner of the general partner of The
Clearwater Partnership
Transaction date: 21 November 2016
Class of securities: Ordinary shares
Nature of transaction: Off-market zero cost collar hedge over 6 900 000 Redefine
shares with, in each case, a short put strike price of
R10.4418, a long put strike price of R11.6020 and a call
strike price of R12.4373 with an expiry date of
20 November 2017
Nature and extent of director´s interest: Indirect beneficial

24 November 2016

Sponsor
Java Capital

Date: 24/11/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Announcement of dividend reinvestment price and confirmation of finalisation information
Announcement of dividend reinvestment price and confirmation of finalisation information

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ANNOUNCEMENT OF DIVIDEND REINVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION

Further to the declaration of a cash dividend of 44.30 cents per share (the "cash dividend") with an election to
reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"), announced on SENS
on 3 November 2016 (the "declaration announcement"), the price per share, as determined on 15 November 2016,
applicable to Redefine shareholders electing the share reinvestment alternative and recorded in the register on Friday,
25 November 2016 (i.e. the "record date"), is R10.53 per share (the "reinvestment price"). The reinvestment price is
a 0.20622% premium to the five-day volume weighted average traded price (less the cash dividend) and a 3.26567%
premium to the closing spot price (less the cash dividend) of Redefine shares on the JSE prior to the finalisation date.

The ratio in respect of the share reinvestment alternative is 4.20703 shares for every 100 shares held on the record date
by South African resident shareholders exempt from dividend tax and 3.57597 shares for every 100 shares held on the
record date by non-resident shareholders subject to dividend tax at 15%.

Where a shareholder´s entitlement to the shares in relation to the share reinvestment alternative, calculated with
reference to the above share ratio, gives rise to an entitlement to a fraction of a new share, such fraction will be
rounded down to the nearest whole number with the cash balance of the dividend being retained by the shareholder.

Dividend withholding tax ("dividend tax") implications

Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust ("REIT") are exempt from dividend tax in the hands of South
African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as
detailed in paragraph 5 of the circular to Redefine shareholders dated and posted on Friday, 4 November 2016 (the
"circular"). South African resident shareholders, who have submitted the requisite documentation and are exempt
from dividend tax, will accordingly receive a net dividend of 44.30 cents per share.

Dividend tax implications for non-resident shareholders

Dividends received from a REIT by a non-resident shareholder will be subject to dividend tax at 15%, unless the rate
is reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa
and the country of residence of the non-resident shareholder. A reduced dividend withholding rate in terms of the
applicable DTA may only be relied upon if the non-resident shareholder has provided the requisite documentation as
detailed in paragraph 5 of the circular. Non-resident shareholders who have submitted the requisite documentation and
assuming that a dividend tax rate of 15% is applicable, will accordingly receive a net dividend of 37.655 cents per
share.

Due to the fact that the cash dividend or share reinvestment alternative may have tax implications for resident and
non-resident shareholders, shareholders are encouraged to consult their professional advisors should they be in any
doubt as to the appropriate action to take.

Illustrative example on the application of rounding and the impact of dividend tax

The application of the rounding principle of rounding down to the nearest whole number and the impact of dividend
tax on shareholders has been illustrated by way of the example below:

Shareholders are advised that, as per the published timetable, the last date to trade is Tuesday, 22 November 2016 and
the shares will trade ex-dividend on Wednesday, 23 November 2016.

As published in the declaration announcement, shareholders electing the share reinvestment alternative are once again
alerted to the fact that the new shares will be listed on LDT + 3 and that these new shares can only be traded on
LDT + 3 being Friday, 25 November 2016, due to the fact that settlement of the shares will be three days after the
record date, being Wednesday, 30 November 2016, which differs from the conventional one day after record date
settlement process.

Shareholders are reminded that the last day to elect to receive the share reinvestment alternative is 12:00 (South
African time) on Friday, 25 November 2016. No action is required if you wish to receive the cash dividend.

The salient dates, timetable and all other information relating to the dividend (including the tax implications) and
share reinvestment alternative disclosed in the declaration announcement remain unchanged.

15 November 2016

Corporate advisor and sponsor
Java Capital

Date: 15/11/2016 11:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

POSTING OF DIVIDEND ELECTION CIRCULAR TO REDEFINE SHAREHOLDERS

Shareholders are referred to the announcement accompanying Redefine´s final results for the year ended
31 August 2016, released on SENS on 3 November 2016. Shareholders were advised that the directors of Redefine
have declared a cash dividend of 44.30 cents per Redefine ordinary share of no par value for the six months ended
31 August 2016 and that shareholders have been provided with the election to reinvest the cash dividend in return for
Redefine shares (the "share reinvestment alternative").

The circular relating to the share reinvestment alternative has been issued to Redefine shareholders. Copies of the
circular may be obtained from the registered offices of Redefine, Redefine Place, 2 Arnold Road, Rosebank, 2196
during normal business hours. The circular will also be available in electronic format on the company´s website at
www.redefine.co.za.

4 November 2016

Corporate advisor and sponsor
Java Capital

Date: 04/11/2016 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

AVAILABILITY OF INVESTOR PRESENTATION

Shareholders are advised that a copy of the investor presentation, which will be presented to members of the
investment community today, Thursday, 3 November 2016, is available on the company´s website -
www.redefine.co.za.

3 November 2016

Sponsor
Java Capital

Date: 03/11/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dividends paid and dividends paid to non-controlling
interests have been reclassified to cash flows from financing activities with the change applied
retrospectively to be in line with how Redefine manages it's cash.

The appointment of KPMG Inc. as the group's external auditors commencing for the financial year
ending 31 August 2016 was confirmed by shareholders at the annual general meeting held on
18 February 2016.

BASIS OF PREPARATION

The summary consolidated financial statements are prepared in accordance with the JSE Listings
Requirements for provisional reports and the requirements of the Companies Act applicable
to summary financial statements. The JSE Listings Requirements require provisional reports to be
prepared in accordance with the framework concepts and the measurement and recognition
requirements of International Financial Reporting Standards (IFRS) and the SAICA Financial
Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements
as issued by the Financial Reporting Standards Council, and to also, as a minimum, contain the
information required by IAS 34 Interim Financial Reporting. The accounting policies applied in the
preparation of the consolidated financial statements from which the summary financial statements
are derived are in terms of IFRS and are consistent with those applied in the previous consolidated
financial statements.

This summarised report is extracted from the audited information, but is not itself audited. The
consolidated financial statements are audited by KPMG Inc., who expressed an unmodified opinion
thereon. The auditor's report does not necessarily report on all the information contained in these
summary consolidated financial statements. Shareholders are therefore advised that in order to
obtain a full understanding of the nature of the auditor's engagement, they should obtain a copy of
the auditor's report together with the accompanying audited consolidated financial statements, bot
of which are available for inspection at the company's registered office. The directors of Redefine
Properties Limited take full responsibility for the preparation of this report and that the selected
financial information has been correctly extracted from the underlying consolidated financial
statements.

Date: 03/11/2016 07:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Summary of audited group results for the year ended 31 August 2016
Summary of audited group results for the year ended 31 August 2016

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1999/018591/06
JSE share code: RDF ISIN: ZAE000190252
("Redefine" or "the company" or "the group")
(Approved as a REIT by the JSE)

** Excluding straight-line rental income accrual.
(#) Excluding properties under development and held-for-trading. Properties classified as held-for-sale are included.
^ The Fountainhead reporting segment disclosed in the prior year has been allocated to the underlying segments.

COMMENTARY

PROFILE

Redefine is an internally managed Real Estate Investment Trust (REIT) with a primary goal of
growing and improving cash flow to deliver quality earnings, which will underpin sustained growth in
distributions, and support growth in total return per share. Redefine is listed on the Johannesburg
Stock Exchange (JSE) with a market capitalisation of R58,1 billion and is included in the JSE
Top 40 index. Redefine manages a diversified property asset platform with a value of R72,7 billion
(2015: R63,8 billion), comprising local and international property investments. Redefine's shares are
among the most actively traded on the JSE, making it a highly liquid single entry point for gaining
exposure to quality domestic properties and a spread of multiple international commercial real
estate markets.

At 31 August 2016, Redefine's diversified, local property portfolio was valued at R54,7 billion
(2015: R52,8 billion). The group's international real estate investments, valued at R18,0 billion
(2015: R11,0 billion) represent 24.8% (2015: 17.2%) of total property assets and provide geographic
diversification into the UK, German, Polish and Australian property markets. Redefine has a 30.1%
(2015: 30.1%) equity interest, with a value of R5,0 billion (2015: R4,8 billion), in Redefine International
PLC (RI PLC) which is listed on both the London Stock Exchange (LSE) and the JSE. Redefine and
RI PLC co-own a German retail portfolio valued at R799 million (2015: R653 million). In addition,
Redefine has a R6,3 billion (2015: R5,0 billion) presence in the Australian property market through a
direct 50% (2015: 50%) interest in North Sydney's landmark tower, Northpoint, as well as a holding
of 25.5% (2015: 25.6%) in Cromwell Property Group (Cromwell), one of the leading property groups
listed on the Australian Stock Exchange (ASX). On 1 June 2016, Redefine acquired a 44.9% share in
Echo Polska Properties (EPP) valued at R3,9 billion. EPP owns a portfolio of prime retail and office
real estate assets throughout Poland. EPP listed on both the Luxembourg Stock Exchange (LuxSE)
and the JSE during September 2016.

FINANCIAL RESULTS

Redefine's Board has declared a distribution of 44,3 (2015: 41.0) cents per share for the six months
ended 31 August 2016, an increase of 8.0% (2015: 7.5%) on the comparable period, which is in line
with market guidance. This brings the full year distribution to 86,0 (2015: 80.0) cents per share
resulting in year-on-year growth of 7.5% (2015: 7.3%). Gross distributable income for the year
increased by 21.8% (2015: 36.3%) benefiting from a number of substantial quality acquisitions made
in recent years.

Property portfolio revenue for the year contributed 98.5% (2015: 94.8%) of total revenue, income
from listed securities represented 1.5% (2015: 5.2%).

The group's property portfolio was independently valued at 31 August 2016 producing a net
increase in value of R307,4 million (2015: R1,9 billion). In terms of IAS 40 and IFRS 13, Redefine's
investment properties are measured at fair value and are categorised as level 3 investments. There
were no transfers between levels 1, 2 and 3 during the period. The investment in listed securities
decreased in value by R275,4 million (2015: increase of R160,8 million) during the year. The balance
of R136,5 million (2015: R146,4 million) mainly relates to the increase in the mark-to-market of
the group's derivatives, which protect the group against adverse movements in interest and foreign
exchange rates, these were valued using the swap curve and forward pricing methods respectively.
In terms of IAS 39 and IFRS 13, Redefine's listed securities and derivatives are measured at fair
value through profit or loss and are categorised as level 1 and level 2 investments respectively. There
were no transfers between levels 1, 2 and 3 during the period.

PROPERTY PORTFOLIO

The portfolio vacancy rate declined during the year by 0.5% (2015: 0,1%) to 4.9% (2015: 5.4%). Leases
covering 492 126m(2) (2015: 510 649m(2)) were renewed during the year at an average rental increase of
3.3% (2015: 3.0%) with the tenant retention rate a pleasing 92.0% (2015: 87.0%). A further 401 128m(2)
(2015: 338 294m(2)) was let across the portfolio. Net arrears improved to R39,8 million
(2015: 41,8 million). Net arrears represent 6.3% (2015: 8.3%) of gross monthly rental.

Redefine continues to deliver on its strategy of diversifying, growing and improving the quality of
its property portfolio. During the year, management's primary domestic portfolio focus was on
protecting, expanding and improving existing well-located properties.

Acquisitions: Redefine acquired and transferred four properties, with a GLA of 21 547m(2), during
the year, for an aggregate consideration of R228,3 million, at an initial yield of 9.4%. In addition,
Redefine acquired three development properties for an aggregate consideration of R285,7 million
with a developable area of 369 285m(2) (Redefine's share: 153 104m(2)). Subsequent to the reporting
period, Redefine acquired a further two development properties, for an aggregate consideration of
R250,5 million with a developable area of 493 265m(2) (Redefine's share: 268 715m(2)).

Developments: Redevelopment projects are in progress in the existing portfolio with an approved
value of R1,1 billion at an average yield of 6.4%. New development projects covering 156 876m(2) of
GLA with an approved value of R2,5 billion at an average yield of 9.2%, are presently in progress.
Projects totalling R2,2 billion were completed during the year.

Disposals: 16 properties with a GLA of 177 189m(2), which did not meet Redefine's investment
strategy, were disposed of during the year to various buyers for an aggregate consideration of
R1,4 billion, at an average yield of 8.5%. In addition, agreements, subject to the usual conditions
precedent, were concluded for the disposal of properties for an aggregate consideration of
R431,5 million, with a GLA of 82 067m(2) at an average yield of 7.2%.

Government-tenanted offices: In line with its strategy to dispose of its government tenanted
portfolio, Redefine concluded an agreement with Delta Property Fund Limited (Delta) to dispose of
15 office properties with a GLA of 191 567m(2) at an average yield of 16.4% for R1,3 billion in exchange
for 162 043 079 Delta shares. The effective date of the transaction was 1 April 2016. Redefine will
dispose of the balance of its government-tenanted portfolio on a deal-by-deal basis.

Student accommodation: During the year, Redefine acquired a 51% equity interest in Respublica
Student Living Proprietary Limited (RSL) for R438,6 million at an initial yield of 10.6%. RSL owns
and manages student accommodation facilities with a current capacity of 3 687 beds. Yale Village
(Parktown) and Hatfield Square, two of Redefine's secondary office assets, are being converted into
student accommodation with a bed capacity of 332 and 2 200 beds respectively.

Sustainability: As part of Redefine's focus on sustainability and cost efficiency, various energy-
efficient and sustainable building technologies are being implemented in new developments as well
as in existing buildings, including the installation of solar PV (photo voltaic) and smart metering
of electricity and water. To protect income, Redefine has taken steps to ensure that there is
uninterrupted electricity supply at its key retail properties.

RI PLC: On 16 February 2016, RI PLC undertook a capital raise in which Redefine participated and
acquired 81,4 million additional RI PLC shares for a consideration of R762 million. During the year,
Redefine also participated in RI PLC's dividend re-investment schemes and elected to receive
14,9 million shares.

EPP: Redefine's international strategy is centred on geographic diversification and exploiting
attractive initial yield spread. On 1 June 2016, Redefine significantly extended the scope of its
international interests via a 44.9% investment into EPP, a high-yielding commercial platform
comprising 21 properties in the Polish market valued at EUR1.2 billion (R19,4 billion). The
transaction represented a unique opportunity to create the leading commercial real estate platform
in Poland and to build instant critical mass by acquiring a high quality retail-based portfolio with a
strong local partner also providing a substantial development pipeline which will generate additional
growth. Redefine's purchase consideration was funded by an offshore 12-month bridge facility of
EUR250 million (R4,04 billion). Subsequent to year-end, Redefine successfully placed secured bonds
with a principal amount of EUR150 million (R2,4 billion) bearing a coupon of 1.5%, exchangeable in
five years into ordinary shares of RI PLC, the proceeds of which were used to partially refinance the
bridge facility. The balance of the bridge facility will be refinanced through a combination of secured
offshore bank funding and cross currency swaps.

OFFER TO ACQUIRE THE PIVOTAL FUND LIMITED (PIVOTAL)

On 30 August 2016, Redefine announced an offer to acquire all of the Pivotal shares from Pivotal
shareholders by scheme of arrangement. Following implementation of the scheme, Pivotal
shareholders will receive approximately 138,54 Redefine shares and 9,38 EPP shares for every 100
Pivotal shares held. The Pivotal acquisition is in line with Redefine's strategy to diversify, grow and
improve the quality of its portfolio and recycle its capital through disposing of non-core assets and
replacing them with prime assets. The acquisition positions Redefine even more competitively in
the commercial property sector in line with its strategic intent to become the landlord of choice
in A-grade office space in sought after areas in South Africa. The transaction is subject to Pivotal
shareholder, senior lender and the usual regulatory approvals which are expected by
30 November 2016.

FUNDING AND EQUITY RAISES

Redefine's debt represented 38.5% (2015: 36.7%) of the value of its property assets as at 31 August 2016.
The average cost of local funding is 8.8% (2015: 8.4%) - interest rates are fixed on 82.1% (2015: 81.3%)
of local borrowings for an average period of 2,2 years (2015: 2,8 years). The interest cover
ratio (which includes equity-accounted profit and listed security income) is 4.3x (2015: 3.4x). Redefine
has unutilised committed bank facilities of R3,4 billion (2015: R2,9 billion) as at 31 August 2016 which
provides assurance that Redefine will be able to meet its short-term commitments. The majority of
the short-term portion of interest-bearing borrowings is being refinanced.

On 20 July 2016, Redefine issued 137 million shares through an accelerated bookbuild for
R1,5 billion in cash. In addition, Redefine conserved R1,8 billion in cash through the issue of
170,9 million shares under the dividend re-investment alternative, which was taken up by 47% of
shareholders.

Moody's credit rating:
On 11 May 2016, Moody's repositioned the national scale rating. As a result of the recalibration,
Redefine's national credit rating has improved and has been adjusted to the following:

The general overview of the demand side of the domestic economy suggests a tight economic
situation for all corporates, consumers, investors and the public sector. The most pressing factor in
the present situation is the lack of investor confidence. Productive investment remains the panacea
for future economic growth and job creation. It is therefore imperative that all facets of South
Africa should aim to advance the wellbeing of the economic and business environment. Business
confidence and trust remain key variables to improved economic performance.

On the international front, low interest rates, volatile exchange rate movements and tepid growth are
set to continue.

Redefine's diversified asset platform has been structured to sustain the creation of value at low risk,
and combined with a motivated and aligned management team, focused on disciplined execution of
what matters most, to realise Redefine's vision to be the best South African REIT. Prospects for 2017
are subject to numerous factors which remain uncertain, including volatile financial markets, the
continuing possibility of a sovereign credit downgrade and the outcome of the offer to acquire Pivotal.
Growth in distributable income per share for 2017 is anticipated to range between 7.5% to 8.5%.

This forecast is predicated on the assumption that current trading conditions will prevail. Forecast
rental income is based on contractual terms and anticipated market-related renewals. The forecast
has not been reviewed or reported on by the group's independent external auditors.

Redefine's use of distribution per share as a relevant measure of financial performance remains
unchanged from prior years.

DECLARATION OF A CASH DIVIDEND WITH THE ELECTION TO REINVEST THE CASH DIVIDEND IN RETURN FOR REDEFINE
SHARES

The directors of Redefine have declared a final cash dividend of 44,30000 cents per share, for the six
months ended 31 August 2016, from the company's distributable income (the cash dividend).

Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the
cash dividend in return for Redefine shares (the share reinvestment alternative), failing which they
will receive the cash dividend of 44,30000 cents per share that will be paid to those shareholders not
electing to participate in the share reinvestment alternative.

A circular providing further information in respect of the cash dividend and share reinvestment
alternative will be posted to Redefine shareholders on 4 November 2016.

The right to elect shares in jurisdictions other than the Republic of South Africa ("SA") may be
restricted by law, and failure to comply with any of these restrictions may constitute a violation of
the securities laws of any such jurisdictions. Shareholders' rights to elect shares are not being offered,
directly or indirectly, in the United Kingdom, European Economic Area or EEA, Canada, United States of America,
Japan or Australia unless certain exemptions from the requirements of those jurisdictions are applicable.

Shareholders who have dematerialised their shares through a Central Securities Depository
Participant (CSDP) or broker, should instruct their CSDP or broker with regard to their election in
terms of the custody agreement entered into between them and their CSDP or broker.

2016
Circular and form of election posted to shareholders and announcement
on SENS Friday, 4 November
Finalisation information including the share ratio and price per
share published on SENS Tuesday, 15 November
Last day to trade in order to participate in the election to receive
shares in terms of the share reinvestment alternative or to receive a
cash dividend (LDT) Tuesday, 22 November
Shares trade ex dividend Wednesday, 23 November
Listing of maximum possible number of shares under the share
reinvestment alternative Friday, 25 November

2016
Last day to elect to receive shares in terms of the share
reinvestment alternative or to receive a cash dividend (no late forms
of election will be accepted) at 12:00 (SA time) Friday, 25 November
Record date for the election to receive shares in terms of the share
reinvestment alternative or to receive a cash dividend
(record date) Friday, 25 November
Announcement of results of cash dividend and share reinvestment
alternative released on SENS Monday, 28 November
Cash dividend paid to certificated shareholders on or about Monday, 28 November
Accounts credited by CSDP or broker to dematerialised
shareholders with the cash dividend payment Monday, 28 November
Share certificates posted to certificated shareholders on or about Wednesday, 30 November
Accounts updated with the new shares (if applicable) by CSDP or
broker to dematerialised shareholders Wednesday, 30 November
Adjustment to shares listed on or about Friday, 2 December

Notes:

Shareholders electing the share reinvestment alternative are alerted to the fact that the new shares will be listed
on LDT + 3 and that these new shares can only be traded on LDT + 3, due to the fact that settlement of the shares
will be three days after the record date, which differs from the conventional one day after record date settlement
process.

Shares may not be dematerialised or rematerialised between Wednesday, 23 November 2016 and Friday,
25 November 2016, both days inclusive. The above dates and times are subject to change. Any changes will be
released on SENS.

TAX IMPLICATIONS

Redefine was granted REIT status by the JSE with effect from 1 September 2013 in line with the
REIT structure as provided for in the Income Tax Act, 58 of 1962, as amended (the Income Tax Act),
and section 13 of the JSE Listings Requirements. The REIT structure is a tax regime that allows a
REIT to deduct qualifying distributions paid to investors, in determining its taxable income.The cash
dividend of 44,30000 cents per share meets the requirements of a qualifying distribution for the
purposes of section 25BB of the Income Tax Act (a qualifying distribution) with the result that:

- Qualifying distributions received by resident Redefine shareholders must be included in the
gross income of such shareholders (as a non-exempt dividend in terms of section 10(1)(k)(aa)
of the Income Tax Act), with the effect that the qualifying distribution is taxable as income in
the hands of the Redefine shareholder. These qualifying distributions are, however, exempt
from dividends withholding tax, provided that the South African resident shareholders provided
the following forms to their CSDP or broker, as the case may be, in respect of uncertificated
shares, or the company, in respect of certificated shares:

- a declaration that the dividends are exempt from dividends tax; and

- a written undertaking to inform the CSDP, broker or the company, as the case may be,
should the circumstances affecting the exemption change or the beneficial owner cease
to be the beneficial owner, both in the form prescribed by the Commissioner for the South
African Revenue Service.

Shareholders are advised to contact their CSDP, broker or the company, as the case may
be, to arrange for the abovementioned documents to be submitted prior to payment of the
distribution, if such documents have not already been submitted.

- Qualifying distributions received by non-resident Redefine shareholders will not be taxable as
income and instead will be treated as ordinary dividends but which are exempt in terms of the
usual dividend exemptions per section 10(1)(k) of the Income Tax Act. It should be noted that
until 31 December 2013, qualifying distributions received by non-residents were not subject
to dividends withholding tax. Since 1 January 2014, any qualifying distribution will be subject
to dividends withholding tax at 15%, unless the rate is reduced in terms of any applicable
agreement for the avoidance of double taxation (DTA) between South Africa and the country of
residence of the shareholder. Assuming dividends withholding tax will be withheld at a rate of
15%, the net dividend amount due to non-resident shareholders is 37,65500 cents per share.

A reduced dividend withholding rate in terms of the applicable DTA, may only be relied upon
if the non-resident shareholder has provided the following forms to their CSDP or broker, as
the case may be, in respect of uncertificated shares, or the company, in respect of certificated
shares:

- a declaration that the dividend is subject to a reduced rate as a result of the application of
a DTA; and

- a written undertaking to inform their CSDP, broker or the company, as the case may be,
should the circumstances affecting the reduced rate change or the beneficial owner cease
to be the beneficial owner both in the form prescribed by; the Commissioner for the South
African Revenue Service.

Non-resident shareholders are advised to contact their CSDP, broker or the company, as the
case may be, to arrange for the abovementioned documents to be submitted prior to payment
of the dividend if such documents have not already been submitted, if applicable.

Shareholders are advised that in electing to participate in the share reinvestment alternative,
pre-taxation funds are utilised for the reinvestment purposes and that taxation will be due on
the total cash dividend amount of 44,30000 cents per share.

OTHER INFORMATION

- The ordinary issued share capital of Redefine is 5 062 307 743 ordinary shares of no par value
before any election to reinvest the cash dividend.

- Income tax reference number of Redefine: 917/852/484/0.

The cash dividend or share reinvestment alternative may have tax implications for resident as
well as non-resident shareholders. Shareholders are therefore encouraged to consult their
professional advisers should they be in any doubt as to the appropriate action to take.

DIVIDEND DECLARATION AFTER REPORTING DATE

In line with IAS 10 Events after the Reporting Period, the declaration of the dividend occurred after
the end of the reporting period, resulting in a non-adjusting event which is not recognised in the
financial statements.

RESTATEMENTS

Investments in associates and joint ventures

The group's accounting policy for investments in associates and joint ventures is to use the equity
method, whereby the investments are initially recognised at cost and increased or decreased by the
group's share of post-acquisition profits or losses and other comprehensive income.

In prior periods, the group did not include its share of the associates other comprehensive income
when applying the equity method. Accordingly, these results are restated with the change applied
retrospectively. The change is of a non-cash flow nature and has no effect on the distributable
income or profit or loss. We believe this change will give a fairer reflection of the economic
substance of investments, particularly where those investments operate in foreign currencies and
will provide more relevant information to the users of the financial statements.

Loans receivables - Ma Afrika Tikkun Endowment Trust

In the financial year ended 31 August 2013, Redefine granted Ma Afrika Tikkun Endowment Trust
(Ma Afrika) a loan to acquire Redefine shares. The loan is secured by 55 520 130 Redefine shares
and will be repaid using the dividends on the shares and the proceeds generated by the future sale
of shares. As the loan only has recourse to the shares and no other assets, the issue of the shares
on loan account should have, for accounting purposes, been treated as an option grant which vested
on the date when the loan was granted.

In prior years, Redefine accounted for the shares as issued and recognised a loan receivable. The
comparatives for the 2016 financial statements have been restated to account for the issue of a
share option, instead of the issue of Redefine shares and related loan. The guarantee fee receivable
related to this loan has also been derecognised and is included in the valuation of the option.

Dipula BEE Trust

In 2012, Redefine sold 50 million Dipula Income Fund Limited B shares (Dipula B shares) to the Dipula
BEE Trust for a consideration of R270 million and a 33.3% beneficiary interest in the Dipula BEE Trust.
The Dipula BEE Trust obtained bank funding for the purchase of the shares. Redefine in turn provided a
guarantee of R180 million and agreed to a put option of R90 million (minimum) as security for the bank loan.
The Dipula BEE Trust cannot dispose of the 50 million Dipula B shares without Redefine's approval.
Redefine has assessed that it neither retained nor transferred substantially all the risks and rewards
of ownership of the 50 million Dipula B shares and Redefine retained control of the 50 million Dipula
B shares. Therefore, Redefine should have continued to recognise the 50 million Dipula B shares
to the extent of its continuing involvement. Redefine should also have a recognised an associated
liability for the amount it could be required to pay in terms of the guarantee and put option. In
2012, Redefine derecognised the 50 million Dipula B shares and recognised a financial guarantee
receivable and disclosed the related financial guarantee liability. Accordingly, this transaction has been restated
retrospectively to reflect Redefine's continuing involvement in the 50 million Dipula B shares and
associated liability.

RECLASSIFICATION

Derivative assets and liabilities

In the prior year, the interest rate swaps presented as derivative assets and liabilities were
offset. Accordingly, the derivative assets/liabilities have been reclassified with the change applied
retrospectively. The change is of a non-cash flow nature and has no effect on the distributable
income or profit or loss.

Interest accrual on interest-bearing borrowings

In the prior years, the interest accrual on interest-bearing borrowings was presented together with
trade and other payables. The interest accrual on interest-bearing borrowings has been reclassified to
a separate line on the Statement of Financial Position with the change applied retrospectively. The
change is of a non-cash flow nature and has no effect on the distributable income or profit or loss.
There is no impact on the group's basic or diluted earnings per share and no impact on the total
operating, investing or financing cash flows for the year ended 31 August 2015.

Cash flow - Dividends paid

In the prior years, the dividends paid and dividends paid to non-controlling interests were presented
as cash flows from operating activities. </pre>

THE PIVOTAL FUND LIMITED REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06) (Registration number 1999/018591/06)
JSE share code: PIV ISIN: ZAE000196440 JSE share code: RDF ISIN: ZAE000190252
("Pivotal") (Approved as a REIT by the JSE)
("Redefine")

POSTING OF CIRCULAR ANNOUNCEMENT AND NOTICE OF SCHEME MEETING

1. POSTING OF CIRCULAR

Further to the joint announcement released by Pivotal and Redefine on SENS on 30 August 2016, Pivotal
shareholders are advised that Pivotal has, on Monday, 31 October 2016, posted a circular to Pivotal shareholders
relating to:

- the acquisition by Redefine of all of the Pivotal shares from Pivotal shareholders by way of a scheme of
arrangement in terms of section 114 of the Companies Act, No. 71 of 2008, as amended, proposed by the board
of Pivotal between Pivotal and the Pivotal shareholders ("scheme");

- a distribution by Pivotal to Pivotal shareholders;

- the subsequent delisting of all of the Pivotal shares from the main board of the JSE; and

- the amendment of the MOI to allow an early conversion of the series 1A B preference shares and the series 1B
B preference shares prior to the implementation of the scheme, upon the scheme becoming unconditional.

The circular is also available in electronic format on Pivotal´s website at www.pivotalfund.co.za from Monday,
31 October 2016.

Defined terms used but not defined in this announcement have the meaning set out in the circular.

2. NOTICE OF SCHEME MEETING

Notice is hereby given that a meeting of Pivotal shareholders will be held at 14:00 on Tuesday, 29 November 2016,
or any other adjourned or postponed date and time, at the registered office of Pivotal at Abcon House, Fairway Office
Park, 52 Grosvenor Road, Bryanston, 2021, for the purpose of considering and, if deemed fit, passing, with or
without modification, the resolutions required to approve, inter alia, the scheme.

3. RESTRICTED JURISDICTIONS

To the extent that the distribution of the circular in certain jurisdictions outside of South Africa may be restricted or
prohibited by the laws of such foreign jurisdiction, then the circular is deemed to have been provided for information
purposes only and neither the Pivotal board nor the Redefine board accept any responsibility for any failure by
Pivotal shareholders to inform themselves about, and to observe, any applicable legal requirements in any relevant
foreign jurisdiction.

Pivotal shareholders who are in doubt as to their position should consult their professional advisors.

4. ILLUSTRATIVE MARKET VALUE OF THE SCHEME FOR A PIVOTAL SHAREHOLDER

The table below sets out two valuations which illustrate the market value of the scheme for a Pivotal shareholder,
based on the market price per Pivotal share before the initial cautionary announcement notifying Pivotal shareholders
of a non-binding expression of interest versus the market value of 1.38537 Redefine consideration shares plus
0.09382 EPP settlement shares a Pivotal shareholder will hold post the successful implementation of the scheme.

1. The closing market price per Pivotal share on 15 June 2016, being the business day before the cautionary announcement, notifying
Pivotal shareholders of the non-binding expression of interest, was published by Pivotal on SENS on 17 June 2016.
2. Illustrates the current market price of the combined Redefine shares and EPP shares a Pivotal shareholder will hold should the
scheme be successfully implemented, calculated as follows:
- The 30 day VWAP of a Redefine share at the last practicable date, being R11.25, multiplied by the swap ratio of 1.38537;
plus
- The 30 day VWAP of an EPP share at the last practicable date, being R22.76, multiplied by 0.09382, being the number of
EPP shares to be received by scheme participants in respect of each scheme share held.
3. Illustrates the current market price of the combined Redefine shares and EPP shares a Pivotal shareholder will hold should the
scheme be successfully implemented, calculated as follows:
- The closing market price of a Redefine share on the last practicable date, being R11.58, multiplied by the swap ratio of
1.38537; plus
- The closing market price of an EPP share on the last practicable date, being R22.65, multiplied by 0.09382, being the number
of EPP shares to be received by scheme participants in respect of each scheme share held.
4. The Pivotal board and the Redefine board are of the opinion that the most relevant and useful information in assessing the impact
of the scheme are the illustrative market valuations as above. They each illustrate the current value uplift a Pivotal shareholder will
received post the scheme, whereas the financial information contained in the circular is based on historic information which does
not fully capture current market dynamics.

5. INDEPENDENT EXPERT

Pivotal has convened a sub-committee of the Pivotal board of directors, comprised of some of its independent non-
executive directors being, Chris Ewing, Tom Wixley and Tony Dixon ("independent board"), to consider the terms
of the scheme.

The independent board has appointed Questco Proprietary Limited, an independent expert to provide an opinion
regarding the scheme, and to make appropriate recommendations to the independent board in the form of a fair and
reasonable opinion in respect of the scheme.

The independent expert has concluded that the terms of the scheme are fair and reasonable to Pivotal shareholders.
The fair and reasonable opinion is attached to the circular.

6. PIVOTAL SHAREHOLDER SUPPORT

Irrevocable undertakings to vote in favour of the scheme have been received from the following Pivotal shareholders
holding in aggregate 108 758 826 Pivotal shares, representing 32.7% of the voting power if all scheme shares are
voted at the scheme meeting.

Letters of support to vote in favour of the scheme have been received from the following Pivotal shareholders
holding in aggregate 14 251 220 Pivotal shares, representing 4.4% of the voting power if all scheme shares are voted
at the scheme meeting.

Set out below are the salient dates and times in respect of the scheme.

2016

Last day to trade in order to be eligible to vote at the scheme meeting Tuesday, 15 November
Voting record date Friday, 18 November
Receipt of forms of proxy in respect of the scheme meeting by 14:00 on Friday, 25 November
Last day for Pivotal shareholders to give notice of their objections to the special
resolution approving the scheme in terms of section 164(3) of the Companies Act by
no later than 14:00 on Tuesday, 29 November
The scheme meeting at 14:00 on Tuesday, 29 November
Results of the scheme meeting released on SENS on Tuesday, 29 November
Filing of special resolutions relating to the MOI amendment with the CIPC, on or
about Wednesday, 30 November
Results of the scheme meeting published in the press on Wednesday, 30 November
Last date on which Pivotal shareholders who voted against the scheme can require
the company to seek court approval in terms of section 115(3)(a) of the Companies
Act, if the scheme is approved by shareholders at the scheme meeting but at least
15% of the votes are exercised against the scheme resolution at the scheme meeting Tuesday, 6 December
Last date for Pivotal shareholders who voted against the scheme to be granted leave
by a court to apply for a review of the scheme, as the case may be, in terms of
section 115(3)(b) of the Companies Act if the scheme is approved by shareholders at
the scheme meeting Tuesday, 13 December
Last date for Pivotal to give notice of adoption of the scheme resolution/s approving
the scheme in terms of section 164(4) of the Companies Act to Pivotal shareholders
objecting to the scheme resolution on Tuesday, 13 December
If no Pivotal shareholders exercise their rights in terms of section 115(3)(a) or
section 115(3)(b) of the Companies Act:
Finalisation date expected to be on Wednesday, 14 December
Finalisation date announcement expected to be released on SENS on Thursday, 15 December
Finalisation date announcement expected to be published in the press on Monday, 19 December

2017
Expected last day to trade in order to participate in the scheme Tuesday, 3 January
Suspension of listing of Pivotal shares on the JSE expected to take place at the
commencement of trade on Wednesday, 4 January
Commencement of trade in Redefine consideration shares and EPP settlement shares
expected to take place at the commencement of trade on or about Wednesday, 4 January
Announcement on SENS of cash payment due to shareholders in terms of the
fractional entitlement principle, determined with reference to the VWAP of Redefine
shares and EPP shares respectively on the JSE on Wednesday, 4 January 2017, less
10% (as prescribed by the Listings Requirements) Thursday, 5 January
Expected scheme record date Friday, 6 January
EPP transfer date/second operative date Monday, 9 January
Certificated shareholders expected to have their accounts (held at their CSDP or
broker) credited with the Redefine consideration shares and EPP settlement shares to
which they are entitled (provided their form of surrender and transfer (blue) and
documents of title are received on or before 12:00 on the scheme record date) on or
about Monday, 9 January
Dematerialised shareholders expected to have their accounts (held at their CSDP or
broker) credited with the Redefine consideration shares and EPP settlement shares to
which they are entitled on or about Monday, 9 January
Cash payment due to shareholders in terms of the fractional entitlement in respect of
the Redefine consideration shares and EPP settlement shares Monday, 9 January
Termination of listing of Pivotal shares on the JSE expected to take place at the
commencement of trade on or about Tuesday, 10 January

Notes:
1. All dates and times may be changed by mutual agreement between Pivotal and Redefine (subject to the approval of the JSE and/or
the TRP, if required). The dates have been determined based on certain assumptions regarding the date by which certain shareholder
and regulatory approvals will be obtained and that no court approval or review of the scheme resolution will be required. Any change
in the dates and times will be released on SENS and published in the press.
2. A form of proxy not lodged with the transfer secretaries may be handed to the chairperson of the scheme meeting before the proxy
exercises the voting rights of the shareholder at the scheme meeting.
3. If the scheme meeting is adjourned or postponed, a form of proxy submitted for the initial scheme meeting will remain valid in
respect of any adjournment or postponement of the scheme meeting, unless it is withdrawn.
4. If the scheme meeting is adjourned or postponed then forms of proxy that have not yet been submitted should be lodged with the
transfer secretaries by no later than two business days before the adjourned or postponed scheme meeting but may nonetheless be
handed to the chairperson of the adjourned or postponed scheme meeting before the proxy exercises the voting rights of the
shareholder at the adjourned or postponed scheme meeting.
5. Pivotal shareholders should note that as transactions in shares are settled in the electronic settlement system used by Strate,
settlement of trades takes place three business days after such trade. Therefore, Pivotal shareholders who acquire Pivotal shares after
close of trade on Tuesday, 15 November 2016 will not be eligible to vote at the scheme meeting.
6. All times given in this document are local times in South Africa.
7. No dematerialisation or rematerialisation of Pivotal shares may take place after Tuesday, 3 January 2017.
8. If the scheme is approved by an insufficient number of Pivotal shareholders at the scheme meeting so that a Pivotal shareholder may
require Pivotal to obtain court approval of the scheme as contemplated in section 115(3)(a) of the Companies Act, and if a Pivotal
shareholder in fact delivers such a request, the dates and times set out above will need to be amended. Pivotal shareholders will be
notified separately of the applicable dates and times under this process.
9. If any Pivotal shareholder who votes against the scheme exercises its rights in terms of section 115(3)(b) of the Companies Act and
applies to court for a review of the scheme, the dates and times set out above will need to be amended. Pivotal shareholders will be
notified separately of the applicable dates and times under this process.

31 October 2016

Corporate advisor and sponsor to Redefine
Java Capital

Sponsor to Pivotal
Java Capital

Legal advisor to Redefine
Cliffe Dekker Hofmeyr

Legal advisor to Pivotal
enS Africa

Independent reporting accountants
Grant Thornton

Independent expert
Questco Corporate Advisory

Date: 31/10/2016 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

September 2016

<pre>Dealings in securities by a director and by an associate of a director of the company
Dealings in securities by a director and by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY A DIRECTOR AND BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to dealings in securities by a director and by an
associate of a director of Redefine pursuant to the declaration of a cash dividend for the year ended 31 August
2015 with an election to reinvest the cash dividend in return for shares, (the "share reinvestment
alternative"):

Name of associate: HKM Family Trust
Name of director and relationship to director: Harish Mehta, who is a trustee and
beneficiary of the HKM Family Trust
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 2 231
Price per security: R10.30
Total value of transaction: R22 979.30
Nature of transaction: Off-market reinvestment in terms of the
share reinvestment alternative
Nature and extent of director´s interest: Indirect beneficial

Date: 16/09/2016 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

THE REFERENCE PRICE, INITIAL EXCHANGE PRICE AND INITIAL EXCHANGE RATIO RELATING
TO THE ISSUE BY REDEFINE OF EUR 150 MILLION SECURED BONDS EXCHANGEABLE INTO
SHARES OF REDEFINE INTERNATIONAL P.L.C.

Shareholders are referred to the announcement released on SENS on 6 September 2016 in which they were advised
that Redefine had successfully placed secured bonds (the "Bonds") with a principal amount of EUR 150 million
exchangeable into ordinary shares (the "RIPLC Shares") of Redefine International P.L.C. (the "RIPLC").
Shareholders are advised that the initial exchange price of the Bonds has been set at EUR 0.61904 per RIPLC Share
and the initial exchange ratio of the Bonds has been set at 161,540.61 RIPLC Shares per Bond.

The initial exchange price represents a premium of 26.25% above the reference price for the RIPLC Shares of
EUR 0.49033, and was determined on the basis set out in the SENS announcement released on 6 September 2016.
Settlement and delivery of the Bonds will take place on 16 September 2016.

12 September 2016

Sponsor
Java Capital

Date: 12/09/2016 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

CANCELLATION OF PUT OPTION

Shareholders are referred to the announcement dated 30 August 2016, relating to the acquisition by key
executives of Redefine of a stake in Echo Polska Properties N.V. ("EPP") as well as the granting of a put
option to those executives in terms of which they could sell their EPP stake shares back to a wholly-owned
subsidiary of Redefine (the "Put Option").

A number of Redefine shareholders have raised concerns with the company that the Put Option is
inconsistent with the creation of an alignment of interests between Redefine and the key executives in
relation to their shareholding in EPP. This was never the intention of the Put Option and, having canvassed
further with shareholders, Redefine and the executives have mutually agreed to cancel the Put Option.

9 September 2016

Sponsor
Java Capital

Date: 09/09/2016 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are referred to the announcement released on SENS on 7 September 2015 wherein shareholders were
advised that Clearwater Property Holdings No 4 (Pty) Ltd ("Clearwater"), an associate of Harish Mehta (by virtue of
his indirect holding in Clearwater), a director of the company, had entered into a zero-cost collar hedge (the "collar"),
in respect of in aggregate 8 599 650 Redefine shares, having a short put strike price of R10.4514, a long put strike
price of R11.6127 and a call strike price of R12.4953, which collar would settle on 2 September 2016 (the "settlement
date"). As the price of Redefine shares at the settlement date was lower than the long put strike price of R11.6127,
and higher than the short put strike price of R10.4514, the long put was settled off-market by way of a cash payment
to Clearwater of R1 566 843.93, with no change in Clearwater´s shareholding in Redefine.

8 September 2016

Sponsor
Java Capital

Date: 08/09/2016 05:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Issue By Redefine Of Eur 150 Million Secured Bonds Exchangeable Into Shares Of Redefine International Plc
Issue By Redefine Of Eur 150 Million Secured Bonds Exchangeable Into Shares Of Redefine International Plc

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ISSUE BY REDEFINE OF EUR 150 MILLION SECURED BONDS EXCHANGEABLE INTO SHARES OF REDEFINE INTERNATIONAL PLC

Shareholders are advised that Redefine has successfully placed secured bonds (the "Bonds") with a principal
amount of EUR 150 million, exchangeable into ordinary shares (the "RIPLC Shares") of Redefine
International P.L.C. ("RIPLC"), the proceeds of which will be used to partially refinance debt raised by
Redefine on its acquisition of its shareholding in Echo Polska Properties N.V.

The Bonds will be issued with a coupon of 1.50%, payable semi-annually in arrear. The initial exchange
price of the Bonds will be set at an exchange premium of 26.25% to a reference price (the "Reference
Price") determined as the euro-equivalent of the arithmetic average of the daily volume weighted average
prices of a RIPLC Share listed on the London Stock Exchange plc (the "LSE") on each of the five scheduled
trading days commencing on (and including) 5 September 2016, such Reference Price being subject to a
floor of EUR 0.45673 and a cap of EUR 0.51902. The Reference Price, the initial exchange price and the
initial exchange ratio will be announced by Redefine on or around 9 September 2016. The Bonds will be
issued at 100% of their principal amount and, unless previously exchanged, redeemed, or repurchased and
cancelled, will be redeemed at par (subject to the Redefine´s settlement option referred to below) on 16
September 2021. Holders of the Bonds will have the option to require an early redemption of their Bonds on
the third anniversary of the issue date, at their principal amount, together with accrued interest.

Upon exchange Redefine will have the flexibility to settle in cash, deliver the underlying RIPLC Shares or
any combination thereof.

J.P. Morgan Securities plc acted as Sole Bookrunner on the transaction. Further details of the terms and
conditions of the Bonds are contained in the press releases available on Redefine´s website,
www.redefine.co.za.

6 September 2016

Sponsor
Java Capital

Date: 06/09/2016 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

August 2016

<pre>Dealings in securities by an associate of a director of the company
Dealings in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are referred to the announcement released on SENS on 2 September 2015 wherein shareholders were
advised that Clearwater Property Holdings No 4 (Pty) Ltd ("Clearwater"), an associate of Harish Mehta (by virtue of
his indirect holding in Clearwater), a director of the company, had entered into a zero-cost collar hedge (the "collar"),
in respect of in aggregate 1 440 350 Redefine shares, having a short put strike price of R10.0826, a long put strike
price of R11.2029 and a call strike price of R12.0543, which collar would settle on 30 August 2016 (the "settlement
date"). The price of Redefine shares at the settlement date was higher than the put strike prices but lower than the call
strike price. As a result thereof, neither of the options were exercised and there will be no change in the beneficial
ownership in respect of the director´s shareholding.

31 August 2016

Sponsor
Java Capital

Date: 31/08/2016 02:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

PRE-CLOSE WEBCAST

Redefine shareholders are advised that the company is hosting a live pre-close webcast at 15:00 (SA time)
on Wednesday, 31 August 2016, in order to provide investors with an update in respect of the financial year
ending 31 August 2016.

The webcast is available for viewing at http://www.corpcam.com/Redefine31082016. Once concluded, a
recording of the webcast will be available on Redefine´s website at www.redefine.co.za.

31 August 2016

Sponsor
Java Capital
Date: 31/08/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Small related party transaction update
Small related party transaction update

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

SMALL RELATED PARTY TRANSACTION UPDATE

Shareholders are referred to the announcement dated 1 March 2016, in which they were advised that, as part
of the sale by Redefine of certain of its shares in Echo Polska Properties N.V. ("EPP") to various co-
investors, the company had agreed that certain of the executive directors of Redefine would be entitled to
acquire 5% of the issued share capital at a price equivalent to the price being paid by Redefine for its shares
in EPP.

In terms of the agreement, Marc Wainer, Andrew Konig, David Rice, Leon Kok and Mike Ruttel (or an
entity or entities nominated by them) (collectively the "Purchaser") (i) are acquiring (the "acquisition")
25 726 427 shares in EPP (the "EPP stake") from Redefine with effect from the date on which Redefine
acquired its shareholding in EPP and for a cash consideration payable on implementation, equivalent (on a
pro rata basis) to the total amount paid by Redefine for its investment in EPP, plus an amount equivalent to
the pro rata portion of all costs incurred by Redefine in acquiring its shareholding in EPP; plus an amount
equivalent to the pro rata portion of all the interest paid by Redefine on the debt used to fund its investment
in EPP for the period between that investment and the implementation of the acquisition; less an amount
equivalent to the pro rata portion of any distributions received by Redefine on its investment in EPP during
the period in question (the "acquisition price"); and (ii) have been granted a put option in terms of which
they may dispose of the EPP stake to a wholly-owned subsidiary of Redefine, for a 12 month period at an
amount equivalent to the acquisition price, in consideration for an option premium of EUR1.25 million (payable
by the Purchaser in cash) and an indemnity against any losses.

The acquisition price will be used by Redefine to repay a portion of the debt raised to acquire its
shareholding in EPP.

Mazars Corporate Finance Proprietary Limited ("Mazars"), who were appointed as the independent expert
by Redefine, have concluded that the terms of the acquisition and put option are fair to Redefine
shareholders. As required in terms of section 10.7(b) of the JSE Listings Requirements, the board of
Redefine hereby confirms that it is of the opinion that the acquisition is fair insofar as shareholders are
concerned, as reflected in the Mazars fairness opinion. Copies of the Mazars fairness opinion will be
available for inspection at Redefine´s offices (2 Arnold Road, Rosebank 2196) for a period of 28 days from
the date of this announcement.

30 August 2016

Sponsor

Java Capital

Date: 30/08/2016 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through S</pre>

<pre>RDF: THE PIVOTAL FUND LIMITED - Joint announcement - Firm intention by Redefine to acquire all the shares of Pivotal and withdrawal of cauti
Joint announcement - Firm intention by Redefine to acquire all the shares of Pivotal and withdrawal of cauti

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

JOINT ANNOUNCEMENT OF A FIRM INTENTION BY REDEFINE TO MAKE AN OFFER TO ACQUIRE ALL OF THE ISSUED ORDINARY SHARES OF PIVOTAL BY SCHEME OF
ARRANGEMENT AND WITHDRAWAL OF PIVOTAL CAUTIONARY

1. Introduction
1.1. Further to the cautionary announcements released by Pivotal on SENS on 17 June 2016 and
4 August 2016, the respective boards of directors of Redefine and Pivotal are pleased to
announce that they have signed a document ("implementation document") setting out the
terms and conditions upon which Redefine offered to acquire all of the Pivotal shares ("scheme
shares") from Pivotal shareholders ("scheme participants") by way of a scheme of
arrangement in terms of section 114 of the Companies Act, No. 71 of 2008, as amended,
("Companies Act") to be proposed by the board of Pivotal between Pivotal and the scheme
participants ("scheme").

1.2. Subject to the assumptions set out below, and on the basis detailed below, following
implementation of the scheme Pivotal shareholders will hold approximately 138.54 Redefine
shares and 9.38 shares in Echo Polska Properties N.V. ("EPP") ("EPP shares") for every 100
Pivotal shares held prior to implementation of the scheme.

2. Rationale
Notwithstanding the delivery to date of above average growth in net asset value, the development
focused Pivotal business faces a number of challenges in the current economic environment of stagnant
growth and rising interest rates. Whilst Pivotal´s completed portfolio is expected to continue to perform
satisfactorily, development activity and returns flowing therefrom will be under pressure in the short to
medium term. Consequently, net asset value growth will be negatively impacted whilst the current
economic conditions remain difficult. As an alternative to the current development orientated structure of
Pivotal, the scheme offers Pivotal shareholders the opportunity to convert to a REIT structure and receive
Redefine shares and in addition EPP shares from which Pivotal shareholders will benefit due to bi-annual
income distributions, exposure to hard currency earnings, enhanced liquidity as well as continued
exposure to Pivotal´s existing portfolio of A-grade properties.

From a Redefine perspective, the scheme is in line with its strategy to diversify, grow and improve the
quality of its portfolio and recycle its capital through disposing of non-core assets and replacing them
with prime assets.

The acquisition of Pivotal positions Redefine even more competitively in the commercial property sector
in line with its strategic intent to become the landlord of choice in A-grade office space in sought after
areas in South Africa. This will be further enhanced by partnering with new co-owners (Abland
Proprietary Limited ("Abland")) in existing co-ownership ventures.

3. Salient terms of the scheme
3.1. In terms of the scheme, as indivisible components thereof-
3.1.1. Redefine will, on the first business day after the day on which the scheme
becomes legally effective, acquire all of the scheme shares in exchange for the
allotment and issue of 460 000 000 Redefine shares ("Redefine consideration"),
which translates into an assumed swap ratio of 1.38537 Redefine shares per
scheme share.
3.1.2. Pivotal will declare a distribution ("Pivotal EPP distribution") to scheme
participants in an amount equal to the market value of Pivotal´s 31 153 281 EPP
shares as at the close of business on the last business day prior to 5 January 2017.
Redefine will discharge the obligation of Pivotal to pay the Pivotal EPP
distribution resulting in a claim by the scheme participants against Redefine
which claim will be settled by Redefine by the delivery of 31 153 281 EPP
shares to the scheme participants (which translates into an assumed 0.09382 EPP
shares per scheme share) ("EPP consideration") on or about 5 January 2017
("EPP transfer date").

3.2. In light of a requirement not to have the EPP shares held by public shareholders and freely
tradeable in the period immediately after its planned initial public offering and listing of its
shares on the JSE, the EPP consideration will be retained by Redefine for a period after the day
on which the scheme becomes legally effective and will be settled by the delivery of the EPP
consideration to the scheme participants on the EPP transfer date.
3.3. The Redefine consideration and the EPP consideration will be settled by the delivery of
Redefine shares and EPP shares respectively to the scheme participants in accordance with the
settlement procedures to be set out in the combined circular to Pivotal shareholders ("scheme
circular") and in compliance with the Financial Markets Act, 19 of 2012.
3.4. If the aggregate number of Redefine shares or EPP shares deliverable to a scheme participant
yields a decimal result, then the number of EPP shares and/or Redefine shares to be allocated
will be rounded in accordance with the rounding convention as set out in the Listings
Requirements of the JSE.
3.5. Redefine undertakes not to conduct any capital reductions (including any unbundling of any of
its assets to its shareholders) or sub-divisions of its securities or declare any dividends or other
distributions, other than as envisaged in paragraph 5.1, unless Redefine and Pivotal have agreed
an appropriate amendment to the terms of the scheme in writing.
3.6. Pursuant to the terms of the scheme, risk in and benefit to the -
3.6.1. scheme shares will, on the business day after the scheme becomes legally
effective, pass to Redefine; and
3.6.2. Redefine consideration will, on the business day after the scheme becomes
legally effective, pass to the scheme participants.
3.7. Pursuant to the scheme, Redefine will remain the registered and beneficial owner of the
31 153 281 EPP shares to be delivered to the scheme participants until the transfer and
registration of such shares into the names of the scheme participants which will be on or about
EPP transfer date.

4. Conditions precedent
The implementation of the scheme will be subject to the fulfilment (or waiver, as the case may be) of the
following conditions precedent by no later than 30 November 2016, or such later date as Redefine and
Pivotal may agree to in writing:
4.1. to the extent required, the counterparties under the debt funding agreements with Pivotal have
provided their written consents to the change of control of Pivotal pursuant to the scheme;
4.2. Pivotal has concluded an agreement to dispose of its co-ownership interests to the co-owners of
the following property developments, namely West End and Lake View Land, which disposal
shall be conditional on the scheme becoming unconditional;
4.3. those parties with a future right or potential right to be issued and/or subscribe for Pivotal shares
have agreed amended terms with Pivotal, conditional upon the scheme becoming unconditional,
such that those rights are accelerated, and such parties are issued with the requisite number of
Pivotal shares, prior to the date on which Pivotal shareholders are required to be reflected in the
share register of Pivotal in order to receive the scheme consideration;
4.4. EPP shares have been listed on the main board of the JSE by way of an inward listing, which is
expected to take place in the middle of September 2016 ("EPP listing date");
4.5. Investec Bank Limited, as provider of debt funding to Pivotal and its subsidiaries in respect of
the EPP shares, has provided such consent as may be required in order to give effect to the
scheme;
4.6. Redefine has procured from EPP and the remaining shareholders of EPP immediately prior to
the inward listing referred to in paragraph 4.4 such written consents and/or waivers of lock-in or
other rights they may have in respect of the transfer of the EPP shares held by Redefine and/or
one or more of its subsidiaries, in terms of the scheme as further envisaged in paragraph 3.1.2
above;
4.7. Pivotal has agreed terms for the disposal of its interest in Abreal, together with the assumption
of any associated debt, conditional on the scheme becoming unconditional, to Abland and on
terms reasonably acceptable to Redefine, and if required, that Abreal has consented to such
disposal ("Abreal sale") and that the Abreal sale has become unconditional in accordance with
its terms, save for the condition requiring that the scheme becomes unconditional;
4.8. Pivotal has procured the acceleration of all accrued rights, and the consequent cash payment in
settlement of such accrued rights, conditional upon the scheme becoming unconditional, to
participants in terms of Pivotal´s Share Appreciation Rights Plan and Conditional Share Plan;
4.9. Pivotal and Abreal have agreed to the cancellation of the property management agreement
entered into between Pivotal and Abreal on or about 15 October 2015, subject to and with effect
from the business day on which the scheme becomes legally effective;
4.10. Pivotal and Redefine enter into an agreement in terms of which those Abreal employees based
at Pivotal´s properties and/or who are exclusively dedicated to Pivotal´s properties, will become
employees of Redefine in terms of section 197 of the Labour Relations Act, 66 of 1995;
4.11. that certain co-ownership interests in properties identified in the implementation document
("Setso assets") have been sold to Setso Property Fund Proprietary Limited ("Setso"), and that
all rights, title and interest in and to the Setso assets have passed to Setso, on terms and
conditions acceptable to Redefine and Pivotal;

4.12. Pivotal and Setso have entered into a written sale agreement with a third party acceptable to
Pivotal and Redefine, through one or more transactions, ultimately to dispose of all of its shares
in Setso, on terms and conditions acceptable to Redefine and Pivotal, and that such agreement
has been implemented in accordance with its terms;
4.13. the approval of the ordinary and special resolutions set out in the scheme circular, at the
meeting of Pivotal shareholders to be convened in connection with the scheme ("the scheme
meeting"), required to implement the scheme by the requisite majority of Pivotal shareholders
is obtained;
4.14. to the extent required under section 115(3) of the Companies Act, approval of the
implementation of the special resolution, as contemplated in section 115(2) of the Companies
Act, in terms of which Pivotal shareholders approve the scheme ("scheme resolution"), by the
court is obtained and, if applicable, Pivotal not having treated the scheme resolution as a nullity
as contemplated in section 115(5)(b) of the Companies Act;
4.15. Pivotal shareholders holding more than 5% of all the issued Pivotal shares not having given, in
terms of section 164(3) of the Companies Act, valid notice of objection to the scheme resolution
taken at the scheme meeting and those objecting Pivotal shareholders not having voted against
the scheme resolution in respect of more than 5% of the issued Pivotal shares at the scheme
meeting;
4.16. the receipt of the unconditional approval in writing of the competition authority/ies to the
scheme, or if such approval is conditional, such conditions being acceptable to the parties upon
whom they are imposed, acting in good faith, but provided that Redefine shall not be bound to
accept any condition which requires the disposal of immovable property from the property
portfolio of Pivotal which, fairly valued, has an aggregate gross value of more than R1 000 000
000, or the disposal of immovable property from the property portfolio of Redefine which,
fairly valued, has an aggregate gross value of more than R1 000 000 000;
4.17. Pivotal has complied with all requirements of section 10 of the Listings Requirements of the
JSE in respect of the transactions contemplated in paragraphs 4.2, 4.3, 4.7 and 4.9 above, to the
extent applicable;
4.18. the receipt of all other regulatory approvals for the scheme, including those of the JSE, the
South African Reserve Bank and the Takeover Regulation Panel established in terms of section
196 of the Companies Act ("TRP"), having been obtained; and
4.19. the issue of a compliance certificate by the TRP in relation to the scheme in terms of section
121(b) of the Companies Act.

5. Distributions
5.1. The Redefine consideration will be issued without scheme participants being entitled to
participate in the normal income distribution by Redefine on the Redefine shares for the six-
month distribution period ending 31 August 2016 ("Redefine August distribution").
5.2. The scheme shares will be acquired by Redefine on the basis that Pivotal has not declared or
paid any distributions in respect of the Pivotal shares since the listing of the Pivotal shares on
the JSE, save for the Pivotal distribution referred to in paragraph 3.1.2 above to be effected in
terms of the scheme.
5.3. The EPP consideration will be transferred to scheme participants cum the right to any
distribution(s) declared by EPP to the EPP shareholders in respect of the period between the
EPP listing date and the EPP transfer date. Any distribution so declared will be discharged by
Redefine to the scheme participants in cash against receipt of such distribution by Redefine
from EPP. An EPP clean-out distribution, in respect of the period between 1 June 2016 and the
EPP listing date, will be declared and paid to the shareholders of EPP recorded in EPP´s share
register prior to the EPP listing date, and that the EPP shares will be transferred to the scheme
participants ex the right to participate in the EPP clean-out distribution.

6. Pro forma earnings and net asset value effects for Pivotal shareholders
6.1. In terms of Regulation 101(7)(b)(iv) of the Companies Regulations, 2011 ("Companies
Regulations"), a firm intention announcement must contain, inter alia, the pro forma earnings
and asset value per offeree regulated company security if the offer consideration consists wholly
or partly of offeror securities.
6.2. The pro forma financial effects of the scheme for Pivotal shareholders set out below are
provided for illustrative purposes only to provide information about how the scheme may have
affected the financial performance and financial position of Pivotal, and because of their nature,
may not fairly represent the financial performance and financial position of Pivotal after the
scheme.
6.3. The table below sets out the pro forma financial effects of the scheme on a Pivotal shareholder
based on the results of Pivotal for the year ended 29 February 2016, assuming that the scheme
had been implemented on 1 March 2015 for purposes of the statement of comprehensive income
and on 29 February 2016 for purposes of the statement of financial position.

Notes and assumptions:
1. NAV per share and NTAV per share in the "Before the adjustments" column have been
extracted, without adjustment, from Pivotal´s annual financial statements for the year
ended 29 February 2016. Earnings per share and headline earnings per share in the
"Before the adjustments" column have been extracted, without adjustment, from
Pivotal´s annual financial statements for the year ended 29 February 2016.
2. The financial information in the "After the scheme" column assumes Redefine acquires
all Pivotal shares in issue for a purchase consideration of 460 million Redefine shares.
The acquisition is accounted for in terms of IFRS 3: Business Combinations with the
resultant difference in consideration paid by Redefine and the Pivotal net asset value of
R6.5 billion, being recognised in reserves.
3. The NAV and NTAV per share in the "After the Redefine scheme" column assumes that
for each Pivotal share will be exchanged for 1.38537 Redefine shares and 0.09382 EPP
shares. This disclosure is calculated on the same basis as set out in Pivotal´s annual
financial statements for the year ended 29 February 2016 (Redefine discloses NAV and
NTAV excluding deferred tax and any non-controlling interest).
4. The earnings per share and headline earnings per share assumes that the total
comprehensive income attributable to Pivotal for the year ended 29 February 2016 was
R1.1 billion.
5. The pro forma financial effects "Before the scheme" do not include dividend per share as
to date, Pivotal has not declared any dividends to shareholders.

7. Illustrative financial effects pertaining to the scheme
7.1. The table below sets out the illustrative financial effects of the scheme for a Pivotal shareholder,
based on the market price per Pivotal share before the initial announcement notifying Pivotal
shareholders of a non-binding expression of interest versus the implied market value a Pivotal
shareholder will hold post the successful implementation of the scheme.

7.2. The illustrative financial effects are not pro forma financial effects and are provided for
illustrative purposes only. The illustrative financial effects are the responsibility of the directors
of Redefine and Pivotal, and have not been reviewed or reported on by the independent
reporting accountants.

Notes and assumptions:
1. Illustrates the closing market price per Pivotal share on 15 June 2016, being the day
before the cautionary announcement, containing the non-binding expression of interest,
was published by Pivotal on SENS on 17 June 2016.
2. Illustrates the implied market value of the combined Redefine and EPP shares a Pivotal
shareholder will hold should the scheme be successfully implemented, calculated as
follows:
- The closing market price of a Redefine share on 29 August 2016, being R11.15,
multiplied by the swop ratio of 1.38537; plus
- The EPP consideration, being 0.09382 EPP shares multiplied by EUR1.00 (being the
initial cost per EPP share), converted at a ZAR:EUR exchange rate of 16.14:1.

8. Pivotal board undertakings
Redefine has received undertakings from Pivotal that for the period from 5 August 2016 up to the
business day after the scheme becomes legally effective:
8.1. Pivotal will not treat the scheme resolution as a nullity as contemplated in section 115(5)(b) of
the Companies Act, unless it is instructed to do so by Redefine in writing within 3 business days
after Pivotal has advised Redefine that a Pivotal shareholder has required Pivotal to seek court
approval for the scheme resolution in terms of section 115(3)(a) of the Companies Act;
8.2. a board resolution in terms of section 44(2) of the Companies Act, authorising the provision by
Pivotal of any financial assistance in respect of the scheme for the purpose of, or in connection
with, the purchase of scheme shares in terms of the scheme, will be passed;
8.3. Pivotal will not increase its financial debt and related arrangements nor amend any of the terms
applicable to such financial debt and related arrangements, save as envisaged in the
implementation document;
8.4. Pivotal will continue to conduct its business in the ordinary course and has not and will not
incur any liabilities other than expenses or costs in the ordinary course of business, in
connection with the implementation of the scheme, save as envisaged in the implementation
document;
8.5. Pivotal will not sell or otherwise alienate any part of its business, any of its immovable assets,
or any shares or ownership interest held by it in any subsidiary nor will it sell or otherwise
alienate any of its material movable assets (being 10% or more) other than in the ordinary
course of business and save as envisaged in the implementation document;
8.6. Pivotal will not enter into any transaction outside of the ordinary course of business (including
any transaction to acquire an interest in any property or property owning enterprises) nor will it
take any action outside the ordinary course of business which would materially affect the value
of Pivotal and/or its business, as reasonably appraised by Redefine, save as envisaged in the
implementation document;
8.7. Pivotal will not recommend, declare, pay or make or propose to recommend, declare, pay or
make, any capitalisation issue, capital reduction, dividend or other distribution, whether payable
in cash or otherwise, save as envisaged in the implementation document;
8.8. Pivotal will not issue or agree to issue any further shares or other securities, other than any such
issues to which it may already be legally committed as envisaged in paragraph 4.3;
8.9. Pivotal will not issue or grant options or similar rights of whatsoever nature in respect of
unissued Pivotal shares or other securities;
8.10. Pivotal will not create or permit the creation of any shares or securities carrying rights of
conversion into, or subscription for, Pivotal shares or other securities save as envisaged in the
implementation document;
8.11. Pivotal will continue to implement the trusts rationalisation process previously agreed to
between Pivotal and Redefine, and which is currently underway, in accordance with the terms
agreed between the parties, and within a reasonable timeframe;
8.12. Pivotal will not carry out any group re-organisation or capital restructuring, including, without
being limited to repurchases of Pivotal shares, save as envisaged in the implementation
document; and
8.13. Pivotal will comply with section 126 of the Companies Act.

9. Non-solicitation
9.1. Pivotal has agreed that during the exclusivity period, as set out in the implementation document,
it will not, directly or indirectly:
9.1.1. solicit, initiate or encourage any expression of interest, enquiry, proposal or offer
regarding any merger, amalgamation, business combination, takeover bid, sale or
other disposition of all or substantially all of the equity in and/or business and/or
assets of Pivotal, or afford options to acquire equity, the business and/or assets of
Pivotal or enter into any negotiation or consummate any transaction for any type
of similar transaction or series of transactions, which would or could constitute
or result in any affected transaction (as contemplated in section 117(1)(c) of the
Companies Act, save for section 117(1)(c)(iv)) or a change of control (as
contemplated in section 123 of the Companies Act) in relation to Pivotal or
reasonably be considered to be likely to preclude or frustrate the scheme or its
implementation (each an "alternative proposal"); or
9.1.2. subject to paragraph 9.2 below, approve or recommend an alternative proposal or
enter into any agreement in respect of an alternative proposal.
9.2. Should Pivotal receive an unsolicited alternative proposal which the independent directors of
Pivotal determine in good faith constitutes, or would reasonably be expected to result in, a more
favourable offer (from a financial perspective or its prospects of success (including conditions
precedent such as the requirement for approval from the competition authorities) to the Pivotal
shareholders, Pivotal will promptly notify Redefine of the communication or receipt of the
alternative proposal, indicating the identity of the person making such alternative proposal and
the material terms and conditions thereof. Redefine will be afforded a period of not less than 10
business days after receipt of a more favourable alternative proposal to issue an offer on terms
which are at least as favourable (from a financial perspective or its prospects of success
(including conditions precedent such as the requirement for approval from the competition
authorities) as the terms of the alternative proposal, during which period Pivotal will not
participate in any discussions or negotiations regarding the alternative proposal or communicate
the alternative proposal to Pivotal shareholders or the public. If Redefine does not exercise its
rights envisaged in this paragraph 9.2 within the 10 business day period herein, then Pivotal
will, in relation to such unsolicited alternative proposal only, be released from the undertaking
and accordingly be entitled to pursue such unsolicited alternative proposal.

10. Independent expert
Pivotal has convened a sub-committee of the Pivotal board of directors, comprised of its independent
non-executive directors being Chris Ewing, Tom Wixley and Tony Dixon ("independent board"), to
consider the terms of the scheme. The independent board has appointed Questco Proprietary Limited, an
independent expert acceptable to the TRP (as required in terms of section 114(2) of the Companies Act,
read together with regulations 90(1) and 110 of the Companies Regulations) (the "independent expert"),
to advise and report to the independent board on the scheme by way of a fair and reasonable opinion in
compliance with section 114(3) of the Companies Act. The independent expert´s full report as well as the
independent board´s opinion of the scheme, the Redefine consideration and the EPP consideration will be
included in the scheme circular to be issued to Pivotal shareholders in respect of the scheme.

11. Confirmation to the TRP
In accordance with the Companies Regulations, Redefine has confirmed with the TRP that it has
sufficient authorised but unissued shares in order to satisfy the Redefine consideration and that Redefine
will have sufficient EPP shares in order to satisfy the EPP consideration.

12.2. Save for paragraph 12.1 above, Redefine does not hold or control (directly or indirectly) any
Pivotal shares and does not have any arrangement (whether by way of option or otherwise) to
acquire Pivotal shares, other than pursuant to the scheme.

13. Pivotal shareholder support
Irrevocable undertakings to vote in favour of the scheme have been received from the following Pivotal
shareholders holding in aggregate 83 953 332 Pivotal shares, representing 25.2% of the voting power if
all scheme shares are voted at the scheme meeting.
Number of Percentage of
shares shares
Name of shareholder held held
Abland Proprietary Limited 41 650 971 12.5%
MMI Group Limited 42 302 361 12.7%
Total 83 953 332 25.2%

14. No concert party arrangements
Redefine confirms that it is the ultimate purchaser of the scheme shares and is not acting in concert with
any other party in relation to the scheme.

15. Termination of the Pivotal listing
The scheme will constitute Pivotal as a wholly-owned subsidiary of Redefine and necessitate Pivotal´s
delisting from the JSE Limited.

16. Documentation and timing in regard to the scheme
It is anticipated that the scheme circular will be posted to Pivotal shareholders on or about
17 October 2016. The scheme circular will include, among other things, the notice of the meeting to be
held on or about 15 November 2016 for the purpose of considering and, if deemed fit, passing the
resolutions required to implement the scheme. A further announcement setting out the salient dates and
times in relation to the scheme, the scheme circular and the meeting will be released in due course.

17. Categorisation of the scheme for Redefine
The scheme constitutes a category 2 acquisition for Redefine in terms of the JSE Listings Requirements.
Accordingly, the scheme is not subject to approval by Redefine shareholders.
18. Property specific information
18.1. Set out below is the name, location, gross rental area ("GRA"), weighted average gross rental
and valuation as at 29 February 2016 of the income producing properties of Pivotal:

Echo Polska Properties N.V. 6.1% EUR31 153 281 Acquisition cost of EUR1.00 per share
20. Responsibility statements
20.1. The independent board accepts responsibility for the information contained in this
announcement to the extent that it relates to Pivotal. To the best of its knowledge and belief, the
information contained in this announcement is true and nothing has been omitted that is likely
to affect the import of the information.
20.2. The Redefine board accepts responsibility for the information contained in this announcement
to the extent that it relates to Redefine. To the best of its knowledge and belief, the information
contained in this announcement is true and nothing has been omitted that is likely to affect the
import of the information.

21. Withdrawal of cautionary
Following the release of this announcement, Pivotal shareholders are advised that caution is no longer
required when dealing in Pivotal´s shares.

30 August 2016

Corporate advisor and sponsor to Redefine and Pivotal
Java Capital

Legal advisor to Redefine
Cliffe Dekker Hofmeyr

Legal advisor to Pivotal
ens Africa

Independent reporting accountants
Grant Thornton

Independent expert
Questco

Date: 30/08/2016 02:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through S</pre>

<pre>Dealings In Securities By A Director Of The Company
Dealings In Securities By A Director Of The Company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to dealings in securities by a director of Redefine:

Date: 02/08/2016 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

July 2016

<pre>Results Of The Accelerated Book Build
Results Of The Accelerated Book Build

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

RESULTS OF THE ACCELERATED BOOK BUILD

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD
BE UNLAWFUL TO DO SO

Shareholders are advised that Redefine has closed its book build announced earlier today.

Redefine has raised ZAR1.5 billion through the placing of 133 333 334 new shares at a price of R11.25 per
share.

Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on
Wednesday, 20 July 2016.

Java Capital acted as sole bookrunner.

13 July 2016

Bookrunner and sponsor
Java Capital

The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.

This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the District of
Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have
not been and will not be registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement does
not and is not intended to constitute an offer to the public in South Africa in terms of the South African
Companies Act 71 of 2008 as amended ("Companies Act"). Neither this announcement nor any copy of it
may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan.
This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in
article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and high net worth
entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of
the Order.

This announcement has been issued by and is the sole responsibility of the company. No representation or
warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or
will be accepted by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available to
or publicly available to any interested party or its advisers, and any liability therefore is expressly
disclaimed.

Date: 13/07/2016 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ACCELERATED BOOK BUILD

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

Subject to pricing acceptable to Redefine, the company proposes an equity raise (the "equity raise") through
the issue of new Redefine ordinary shares.

The equity raise will be implemented through an accelerated book build process (the "book build"). The
book build is now open and the company reserves the right to close it at any time hereafter.

Pricing, allocations and the amount raised will be announced as soon as practicable following the closing of
the book build.

The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.

This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the District of
Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have
not been and will not be registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement does
not and is not intended to constitute an offer to the public in South Africa in terms of the South African
Companies Act 71 of 2008 as amended ("Companies Act"). Neither this announcement nor any copy of it
may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in
article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and high net worth
entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of
the Order.

This announcement has been issued by and is the sole responsibility of the company. No representation or
warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or
will be accepted by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available to
or publicly available to any interested party or its advisers, and any liability therefore is expressly
disclaimed.

Date: 13/07/2016 08:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings In Securities By A Director Of The Company
Dealings In Securities By A Director Of The Company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to dealings in securities by a director of
Redefine:

Date: 01/07/2016 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

June 2016

<pre>Dealings In Securities By Directors And By An Associate Of A Director Of The Company
Dealings In Securities By Directors And By An Associate Of A Director Of The Company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS AND BY AN ASSOCIATE OF A DIRECTOR OF THE
COMPANY

Shareholders are advised that pursuant to the declaration of a cash dividend for the six months ended 29 February 2016
with an election to reinvest the cash dividend in return for shares, the results of which were announced on Monday,
30 May 2016 (the "share reinvestment alternative"), directors of the company elected to reinvest the cash dividend in
respect of shares held by them under the Matching Scheme of the Redefine Executive Incentive Scheme and received
shares as follows:

Shareholders are further advised that pursuant to the share reinvestment alternative, directors and an associate of a
director of Redefine, elected to reinvest the dividend in respect of shares held by them, and received shares as follows:

Date: 01/06/2016 04:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Finalisation Of Acquisition Of A Majority Interest In Echo Prime Properties B.V.
Finalisation Of Acquisition Of A Majority Interest In Echo Prime Properties B.V.

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

FINALISATION OF ACQUISITION OF A MAJORITY INTEREST IN ECHO PRIME PROPERTIES B.V.

Redefine shareholders are referred to the announcement released on 1 March 2016, advising that the company had concluded an
agreement with Echo Investment S.A. ("Echo") and Echo Prime Properties B.V. ("EPP") in terms of which Redefine will acquire
a majority interest in EPP, which indirectly owns a portfolio of prime real estate assets throughout Poland (the
"EPP transaction").

Redefine is now pleased to announce that all conditions precedent to the EPP transaction have been fulfilled and that the
EPP transaction is being implemented on 1 June 2016. The implementation of the EPP transaction will see Redefine acquire (from
Echo) and subscribe for (from EPP) ordinary shares representing 75% plus one share of the total issued share capital of EPP.
Shareholders are referred to the announcement of 1 March 2016 for full details of the EPP transaction.

As announced, it was always Redefine´s intention to reduce its shareholding in EPP to approximately 50% through the immediate
on-sale of approximately 25% of EPP´s total issued shares. On this basis, shareholders are advised that Redefine has concluded
agreements with a consortium of co-investors in terms of which such co-investors will together acquire from Redefine a beneficial
interest in approximately 25% of EPP´s total issued shares (the "co-investor shares"), which has the effect of reducing Redefine´s
beneficial shareholding in EPP upon implementation of the EPP transaction to approximately 50% (the "co-investment
transactions"). The consideration payable by the co-investors for each co-investor share will be equivalent to the consideration
payable by Redefine for its shares in EPP, plus the co-investors´ share of the costs incurred by Redefine in relation to the EPP
transaction, escalated at 8% nacm from the date they were incurred.

The co-investor shares will remain registered in the name of Redefine (acting as nominee) and are subject to pre-emptive rights in
favour of Redefine.

The co-investment transactions are being implemented on a back-to-back basis with the EPP transaction with the co-investors
effectively assuming the commercial rights and obligations associated with their shareholding in EPP on 1 June 2016.

Date: 01/06/2016 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

May 2016

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a final cash dividend of 41.70 cents per share (the "cash dividend")
with an election to reinvest the dividend in return for Redefine shares (the "share alternative") announced on SENS
on Thursday, 5 May 2016 for the six months ended 29 February 2016 and the announcement of the reinvestment price
per new share (being R10.80 per share) applicable to Redefine shareholders electing the share alternative released on
SENS on Friday, 13 May 2016.

Shareholders holding 1 979 183 938 Redefine shares or 40.80% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 74 865 868 new Redefine
shares, retaining R808.5 million (based on the issue price of R10.80 per new share after accounting for the applicable
dividend withholding tax in respect of non-resident shareholders) in new equity for Redefine. Accordingly, a total
cash dividend of R1.86 billion is payable today in respect of 2 871 304 851 Redefine shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Redefine´s transfer secretaries will have their bank accounts credited on 30 May 2016.
Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of
their shares will be posted on Wednesday, 1 June 2016 to certificated shareholders at their risk. The Central Securities
Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share
alternative in respect of some or all of their shares will be credited with the cash dividend on 30 May 2016 and the
Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the
share alternative in respect of some or all of their shares will be credited on Wednesday, 1 June 2016 with their new
Redefine shares.

30 May 2016

Corporate advisor and sponsor
Java Capital

Date: 30/05/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Announcement Of Dividend Reinvestment Price And Confirmation Of Finalisation Information
Announcement Of Dividend Reinvestment Price And Confirmation Of Finalisation Information

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ANNOUNCEMENT OF DIVIDEND REINVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION

Further to the declaration of a cash dividend of 41.70 cents per share (the "cash dividend") with an election to
reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"), announced on SENS
on 5 May 2016 (the "declaration announcement"), the price per share, as determined on 13 May 2016, applicable to
Redefine shareholders electing the share reinvestment alternative and recorded in the register on Friday, 27 May 2016
(i.e. the "record date"), is R10.80 per share (the "reinvestment price"). The reinvestment price is a 2.20% discount
to the five-day volume weighted average traded price (less the accrued cash dividend as determined on 13 May 2016)
and a 2.99% discount to the closing spot price (less the accrued cash dividend as determined on 13 May 2016) of
Redefine shares on the JSE prior to the finalisation date.

The ratio in respect of the share reinvestment alternative is 3.86111 shares for every 100 shares held on the record
date. Accordingly, the number of new shares to be issued per 100 shares held on the record date is 3.86111 shares.

Where a shareholder´s entitlement to the shares in relation to the share reinvestment alternative, calculated with
reference to the above share ratio, gives rise to an entitlement to a fraction of a new share, such fraction will be
rounded down to the nearest whole number with the cash balance of the dividend being retained by the shareholder.

Dividend withholding tax ("dividend tax") implications

Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust ("REIT") are exempt from dividend tax in the hands of South
African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as
detailed in paragraph 5 of the circular to Redefine shareholders dated and posted on Friday, 6 May 2016 (the
"circular"). South African resident shareholders, who have submitted the requisite documentation and are exempt
from dividend tax, will accordingly receive a net dividend of 41.70 cents per share.

Dividend tax implications for non-resident shareholders

Dividends received from a REIT by a non-resident shareholder will be subject to dividend tax at 15%, unless the rate
is reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa
and the country of residence of the non-resident shareholder. A reduced dividend withholding rate in terms of the
applicable DTA may only be relied upon if the non-resident shareholder has provided the requisite documentation as
detailed in paragraph 5 of the circular. Non-resident shareholders who have submitted the requisite documentation and
assuming that a dividend tax rate of 15% is applicable, will accordingly receive a net dividend of 35.445 cents per
share.

Due to the fact that the cash dividend or share reinvestment alternative may have tax implications for resident and
non-resident shareholders, shareholders are encouraged to consult their professional advisors should they be in any
doubt as to the appropriate action to take.

Illustrative example on the application of rounding and the impact of dividend tax

The application of the rounding principle of rounding down to the nearest whole number and the impact of dividend
tax on shareholders has been illustrated by way of the example below:
South African Non-resident
resident shareholders
shareholders subject to
exempt from dividend tax at
dividend tax 15%
Dividend per share (cents) 41.70 41.70
Dividend tax per share (cents) - (6.255)
Total net dividend per share (cents) 41.70 35.445
Number of shares held 100 100
Reinvestment price (R) 10.80 10.80
Total amount available for reinvestment (R) 41.70 35.445
Number of shares issued in terms of share reinvestment alternative 3 3
Total amount payable for shares acquired in terms of the share reinvestment 32.40 32.40
alternative (R)
Balance of distribution paid to shareholder (R) 9.30 3.045

Trading of Redefine shares

Shareholders are advised that, as per the published timetable, the last date to trade is Friday, 20 May 2016 and the
shares will trade ex-dividend on Monday, 23 May 2016.

As published in the declaration announcement, shareholders electing the share reinvestment alternative are once again
alerted to the fact that the new shares will be listed on LDT + 3 and that these new shares can only be traded on LDT +
3 being Wednesday, 25 May 2016, due to the fact that settlement of the shares will be three days after the record date,
being Wednesday, 1 June 2016, which differs from the conventional one day after record date settlement process.

Shareholders are reminded that the last day to elect to receive the share reinvestment alternative is 12:00 (South
African time) on Friday, 27 May 2016. No action is required if you wish to receive the cash dividend.

The salient dates, timetable and all other information relating to the dividend (including the tax implications) and
share reinvestment alternative disclosed in the declaration announcement remain unchanged.

13 May 2016

Corporate advisor and sponsor
Java Capital

Date: 13/05/2016 10:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

AVAILABILITY OF INVESTOR PRESENTATION AND RESULTS WEBCAST

Redefine shareholders are advised that a copy of the investor presentation, which will be presented to
members of the investment community in Johannesburg on Thursday, 5 May 2016, and in Cape Town on
Friday 6 May 2016, is available on the company´s website at www.redefine.co.za.

Shareholders are further advised that the company is hosting a live webcast at 13:00 (SA time) on Thursday,
5 May 2016, for those investors who cannot attend the live presentations.

The webcast is available for viewing at http://www.corpcam.com/Redefine05052016. Once concluded, a
recording of the webcast will be available on Redefine´s website.

5 May 2016

Sponsor
Java Capital

Date: 05/05/2016 08:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Condensed unaudited group results for the half year ended 29 February 2016
Condensed unaudited group results for the half year ended 29 February 2016

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1999/018591/06
JSE share code: RDF ISIN: ZAE000190252
("Redefine" or "the company" or "the group")
(Approved as a REIT by the JSE)

Condensed unaudited group results for the half year ended 29 February 2016

^ Excluding straight-line rental income accrual
# Excluding properties under development and held-for-trading. Properties classified as held-for-sale are included
* Excludes property management fees reversed on consolidation of R20 726 000 which was not allocated to office,
retail, industrial or specialised segment

PROFILE
Redefine is an internally managed Real Estate Investment Trust (REIT) with a primary goal of growing and
improving cash flow to deliver quality earnings, which will underpin sustained growth in distributions,
and support growth in total return per share. Redefine is listed on the Johannesburg Stock Exchange (JSE)
with a market capitalisation of R58.2 billion and is included in the JSE Top 40 index. Redefine manages a
diversified property asset platform with a value of R67,8 billion, comprising local and international
property investments. Redefine's shares are among the most actively traded in the REIT sector, making
it a highly liquid single entry point for gaining exposure to quality domestic properties and a spread of
multiple international commercial real estate markets.

At 29 February 2016, Redefine's diversified, local property portfolio was valued at R54,3 billion.
The group's international real estate investments, valued at R13,5 billion represent 19.9% of total
property assets and provide geographic diversification into the UK, German and Australian property markets.
Redefine has a 30.1% equity interest, with a value of R5,9 billion, in Redefine International PLC (RI PLC)
which is listed on both the London Stock Exchange and the JSE. Redefine co-owns with RI PLC a German retail
portfolio valued at R805 million. In addition, Redefine has a R6,5 billion presence in the Australian property
market through a direct 50% interest in North Sydney's landmark tower, Northpoint, as well as a holding of
25.5% in Cromwell Property Group (Cromwell), one of the leading property groups listed on the Australian
Stock Exchange.

FINANCIAL RESULTS
Redefine's directors have declared a distribution of 41,7 (2015: 39,0) cents per share for the six months
ended 29 February 2016, an increase of 6.9% on the comparable period, which is at the top end of market guidance.
In Rand terms, distributable income for the period increased by 29.3% (2015: 31.4%) benefiting from a number
of substantial quality acquisitions made in recent years.

CHANGES IN FAIR VALUES
The group's property portfolio was internally valued by the directors at 29 February 2016 producing a net
decrease in value of R605,9 million - a consequence of widening capitalisation rates following the upward
trajectory of the interest rate cycle. In terms of IAS 40 and IFRS 13, Redefine's investment properties
are measured at fair value and are categorised as level 3 investments. There were no transfers between
levels 1, 2 and 3 during the period. The investment in listed securities decreased in value by R166,6 million
during the period. The balance of R230,9 million relates to the increase in the mark-to-market of the
group's interest rate swaps, which protect the group against adverse interest rate movements. In terms of
IAS 39 and IFRS 13, Redefine's listed securities and interest rate swaps are measured at fair value through
profit or loss and are categorised as level 1 and level 2 investments respectively. There were no transfers
between levels 1, 2 and 3 during the period.

PROPERTY PORTFOLIO
The overall portfolio vacancy rate deteriorated marginally during the period by 0.3% to 5.7% (2015: 5.4%).
Leases covering 282 070m2 were renewed at an average rental increase of 4.3%, with the retention rate a
pleasing 83%. A further 171 832m2 was let across the portfolio.

REDEFINE'S PROPERTY PORTFOLIO STRATEGY
Redefine continues to deliver on its strategy of diversifying, growing and improving the quality of its
property portfolio. During the period, management's primary domestic portfolio focus was on protecting,
expanding and improving existing well-located properties.

Acquisitions: Redefine acquired and transferred three properties, with a GLA of 17 186m2, during the period,
for an aggregate consideration of R185,0 million, at an initial yield of 9.6%. Redefine also acquired a 40%
undivided share in predominantly vacant retail land in Soweto for R56,4 million, with a developable land
area of 344 328m2 (Redefine's share: 137 731m2). Subsequent to the reporting period, Redefine acquired two
properties, for an aggregate consideration of R268,5 million, at an initial yield of 5.3% and GLA of 11 587m2
and also acquired a 50.1% undivided share in vacant industrial land in Cape Town for R108,2 million with a gross
building area of 446 530m2 (Redefine's share: 227 730m2).

Developments: Redevelopment projects in the existing portfolio with an approved value of R1,3 billion at an
average yield of 7.0% are in progress. New development projects covering 138 144m2 of GLA with an approved
value of R1,1 billion at an average yield of 9.3%, are presently in progress. Projects totalling R1,8 billion
were completed during the period.

Disposals: 10 properties with a GLA of 136 010m2, which did not meet Redefine's investment strategy, were
disposed of during the year to various buyers for an aggregate consideration of R1,2 billion, at an average
yield of 8.0%. In addition, agreements, subject to conditions precedent, were concluded for the disposal of
properties for an aggregate consideration of R300,0 million, with a GLA of 82 773m2.

Government-tenanted offices: Redefine concluded an agreement with Delta Property Fund Limited (Delta) to
acquire a total of 15 Redefine properties with a GLA of 191 567m2 at an average yield of 16,4% for R1,3
billion in exchange for 162,043,079 Delta shares. The effective date of the transaction was 1 April 2016.
Redefine will dispose of the balance of its government-tenanted portfolio on a deal-by-deal basis.

Student accommodation: With effect from 1 September 2015, Redefine acquired a 51% equity interest in
Respublica Student Living (Pty) Ltd (RSL) for R109 million at an initial yield of 10%. RSL owns and
manages student accommodation facilities with a current capacity of 2 734 beds. RSL acquired, subject
to conditions precedent, a property in Midrand, for an aggregate consideration of R460 million, at an
initial yield of 11.1% and a bed capacity of 953. Hatfield Square, one of Redefine's secondary office
assets, is being converted by RSL into student accommodation at a cost of R757 million with a bed
capacity of 2 200 beds.

Sustainability: As part of Redefine's focus on sustainability and cost efficiency, various
energy-efficient and sustainable building technologies are being implemented in new developments as well
as in existing buildings, including the installation of solar PV and smart metering of electricity and
water. To protect income, Redefine has taken steps to ensure that there is uninterrupted electricity supply
at a number of its key retail properties.

LISTED SECURITIES
Redefine currently owns 11.5% of Emira Property Fund Limited, 12.3% of Arrowhead Properties Limited acquired
through the disposal of Cleary Park and holds 27.9% of newly listed International Hotel Group Limited.

INTERESTS IN SIGNIFICANT ASSOCIATES AND JOINT VENTURES
RI PLC: On 16 February 2016, RI PLC undertook a capital raise in which Redefine participated and acquired
81,4 million additional RI PLC shares for a consideration of R762 million. During the period, Redefine also
participated in RI PLC's dividend re-investment scheme and elected to receive 6,4 million shares. Currently
Redefine owns 30.1% of RI PLC, which is equity accounted. Cromwell: Currently Redefine owns 25.5% of Cromwell,
which is equity accounted.

ACQUISITION OF INTEREST IN ECHO PRIME PROPERTIES (EPP)
As more fully set out in a SENS announcement published on 1 March 2016, Redefine significantly extended
its international strategy, which is centred on geographic diversification and exploiting attractive initial
yield spreads, via an initial 75% investment into a Euro1.2 billion high-yielding commercial platform comprising
18 properties in the Polish market. It is Redefine's intention to reduce its shareholding to approximately 50%
through the immediate on-sale of just over 25% of EPP's shares.

Antitrust clearance by the European Union, which was a key condition precedent, was obtained on 28 April 2016.
The transaction is now expected to be completed at the end of May 2016 on the fulfilment of the remaining
conditions precedent. Redefine's consideration price will be funded by offshore bridge funding with a
12-month term, and it is anticipated that this bridge funding will in due course be settled through a number
of alternatives being considered such as proceeds from a possible placement by Redefine of bonds convertible
into Redefine ordinary shares or similar instruments.

FUNDING
Redefine's debt represented 37.2% (2015: 36.4%) of the value of its property assets as at 29 February 2016.
The average cost of funding is 8.5% (2015: 8.4%) - interest rates are fixed on 79.3% (2015: 81.3%) of
borrowings for an average period of 2,4 years (2015: 2,8 years). The interest cover ratio (which includes
equity accounted profit and listed security income) is 3.7 (2015: 3.4).

During the period, Redefine conserved R979 million in cash through the issue of 96 million shares under the
distribution reinvestment alternative, which was taken up by 51.5% of shareholders.

CONTINGENCIES AND COMMITMENTS
At 29 February 2016, Redefine had guarantees and suretyships in respect of its Black Economic Empowerment
initiatives amounting to R175 million (2015: R195 million). Capital commitments outstanding (excluding EPP)
amount to R2,2 billion (2015: R2,2 billion) and committed property acquisitions totalled R377 million
(2015: R415 million). Future commitments will be funded by undrawn banking facilities and the acquisition
of EPP will be funded by an initial bridging facility of Euro250 million.

PROSPECTS
Domestically challenging property fundamentals are anticipated to persist across all sectors, principally
due to electricity tariff increases, exceptionally weak business and consumer confidence, potentially
long-term damage to the agricultural sector from the drought, major downsizing in the mining sector
(despite some relief from the weaker currency and improvement in commodity prices), political uncertainty
and labour unrest. We see little prospect of a catalyst for significant change in local business conditions
in the short to medium term.

On the international front, the trend of lower interest rates and elusive growth are set to continue.
Attractive initial yield spreads and investing in offshore markets that offer growth through expansion
works for Redefine with the local swings covered by international round-abouts.

Redefine's diversified asset base, combined with management's relentless focus on disciplined execution
of its strategic priorities will drive achievement of its long term goals. Excluding accretive income
benefits from the EPP transaction, we are confident of achieving distribution per share growth of 6% to
7% for the full 2016 financial year. The completion of the EPP transaction at the end of May 2016 is
anticipated to yield accretive earnings of 1 cent per share in the second financial half of 2016.

This forecast is predicated on the assumption that current trading conditions will prevail.
Forecast rental income is based on contractual terms and anticipated market-related renewals.
The forecast has not been reviewed or reported on by the group's independent external auditors.

DECLARATION OF A CASH DIVIDEND WITH THE ELECTION TO REINVEST THE CASH
DIVIDEND IN RETURN FOR REDEFINE SHARES
The directors of Redefine have declared an interim cash dividend of 41,70000 cents per share, for the
half year ended 29 February 2016, from the company's distributable income (the cash dividend).

Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest
the cash dividend in return for Redefine shares (the share reinvestment alternative), failing which they
will receive the cash dividend of 41,70000 cents per share that will be paid to those shareholders not
electing to participate in the share reinvestment alternative.

A circular providing further information in respect of the cash dividend and share reinvestment alternative
will be posted to Redefine shareholders on 6 May 2016.

Shareholders who have dematerialised their shares through a Central Securities Depository Participant (CSDP)
or broker should instruct their CSDP or broker with regard to their election in terms of the custody
agreement entered into between them and their CSDP or broker.

SALIENT DATES AND TIMES
The salient dates and times for the cash dividend and share reinvestment
alternative are as set out below.

Salient dates and times 2016
Circular and form of election posted to shareholders Friday, 6 May
Finalisation information including the share ratio and price per share
published on SENS Friday, 13 May
Last day to trade in order to participate in the election to receive shares
in terms of the share reinvestment alternative or to receive a cash
dividend (LDT) Friday, 20 May
Shares trade ex dividend Monday, 23 May
Listing of maximum possible number of shares under the share reinvestment
alternative Wednesday, 25 May
Last day to elect to receive shares in terms of the share reinvestment
alternative or to receive a cash dividend (no late forms of election will
be accepted) at 12:00 (SA time) Friday, 27 May
Record date for the election to receive shares in terms of the share
reinvestment alternative or to receive a cash dividend (record date) Friday, 27 May
Announcement of results of cash dividend and share reinvestment alternative
released on SENS Monday, 30 May
Cash dividend paid to certificated shareholders on or about Monday, 30 May
Accounts credited by CSDP or broker to dematerialised shareholders with the
cash dividend payment Monday, 30 May
Share certificates posted to certificated shareholders on or about Wednesday, 1 June
Accounts updated with the new shares (if applicable) by CSDP or broker to
dematerialised shareholders Wednesday, 1 June
Adjustment to shares listed on or about Friday, 3 June

Notes:
Shareholders electing the share reinvestment alternative are alerted to
the fact that the new shares will be listed on LDT + 3 and that these new
shares can only be traded on LDT + 3, due to the fact that settlement of
the shares will be three days after the record date, which differs from
the conventional one day after record date settlement process.
Shares may not be dematerialised or rematerialised between Monday, 23 May
2016 and Friday, 27 May 2016, both days inclusive.
The above dates and times are subject to change. Any changes will be
released on SENS.

TAX IMPLICATIONS
Redefine was granted REIT status by the JSE with effect from 1 September 2013 in line with
the REIT structure as provided for in the Income Tax Act, 58 of 1962, as amended (the Income
Tax Act) and section 13 of the JSE Listings Requirements.

The REIT structure is a tax regime that allows a REIT to deduct qualifying distributions paid
to investors, in determining its taxable income.

The cash dividend of 41,70000 cents per share meets the requirements of a qualifying
distribution for the purposes of section 25BB of the Income Tax Act (a qualifying distribution)
with the result that:
- Qualifying distributions received by resident Redefine shareholders must be included
in the gross income of such shareholders (as a non-exempt dividend in terms of
section 10(1)(k)(aa) of the Income Tax Act), with the effect that the qualifying
distribution is taxable as income in the hands of the Redefine shareholder. These
qualifying distributions are however exempt from dividends withholding tax, provided
that the South African resident shareholders provided the following forms to their
CSDP or broker, as the case may be, in respect of uncertificated shares, or the
company, in respect of certificated shares:

- a declaration that the dividends are exempt from dividends tax; and

- a written undertaking to inform the CSDP, broker or the company, as the case may
be, should the circumstances affecting the exemption change or the beneficial
owner cease to be the beneficial owner, both in the form prescribed by the
Commissioner for the South African Revenue Service.

Shareholders are advised to contact their CSDP, broker or the company, as the
case may be, to arrange for the above mentioned documents to be submitted
prior to payment of the distribution, if such documents have not already been
submitted.

- Qualifying distributions received by non-resident Redefine shareholders will not be
taxable as income and instead will be treated as ordinary dividends but which are
exempt in terms of the usual dividend exemptions per section 10(1)(k) of the Income
Tax Act. It should be noted that until 31 December 2013, qualifying distributions
received by non-residents were not subject to dividends withholding tax. Since
1 January 2014 any qualifying distribution will be subject to dividends withholding
tax at 15%, unless the rate is reduced in terms of any applicable agreement for the
avoidance of double taxation (DTA) between South Africa and the country of residence
of the shareholder. Assuming dividends withholding tax will be withheld at a rate of
15%, the net dividend amount due to non-resident shareholders is 35,44500 cents per
share. A reduced dividend withholding rate in terms of the applicable DTA, may only
be relied upon if the non-resident shareholder has provided the following forms to
their CSDP or broker, as the case may be, in respect of uncertificated shares, or the
company, in respect of certificated shares:

- a declaration that the dividend is subject to a reduced rate as a result of the
application of a DTA; and

- a written undertaking to inform their CSDP, broker or the company, as the case
may be, should the circumstances affecting the reduced rate change or the
beneficial owner cease to be the beneficial owner both in the form prescribed
by; the Commissioner for the South African Revenue Service.

Non-resident shareholders are advised to contact their CSDP, broker or the
company, as the case may be, to arrange for the above mentioned documents
to be submitted prior to payment of the dividend if such documents have not
already been submitted, if applicable.

Shareholders are advised that in electing to participate in the share reinvestment
alternative, pre-taxation funds are utilised for the reinvestment purposes and that
taxation will be due on the total cash dividend amount of 41,70000 cents per share.

OTHER INFORMATION
- The ordinary issued share capital of Redefine is 4 850 488 789 ordinary shares of no par value before
any election to reinvest the cash dividend.
- Income tax reference number of Redefine: 917/852/484/0.

The cash dividend or share reinvestment alternative may have tax implications for resident as well as
non-resident shareholders. Shareholders are therefore encouraged to consult their professional advisers
should they be in any doubt as to the appropriate action to take.

DIVIDEND DECLARATION AFTER REPORTING DATE
In line with IAS 10 Events after the Reporting Period, the declaration of the dividend occurred after the
end of the reporting period, resulting in a non-adjusting event which is not recognised in the financial
statements.

PRIOR YEAR RESTATEMENT
The group's accounting policy for investments in associates and joint ventures is to use the equity method,
whereby the investments are initially recognised at cost and increased or decreased by the group's share of
post-acquisition profits or losses and other comprehensive income.

In prior periods, the group did not include its share of the associate's other comprehensive income when
applying the equity method. Accordingly, these results are restated with the change applied retrospectively.
The change is of a non-cash flow nature and has no effect on the distributable income or profit or loss.
We believe this change will give a fairer reflection of the economic substance of investments, particularly
where those investments operate in foreign currencies and will provide more relevant information to the
users of the financial statements.

There is no impact on the group's basic or diluted earnings per share and no impact on the
total operating, investing or financing cash flows for the period/year ended 28 February 2015
and 31 August 2015.

EXTERNAL AUDITORS
The appointment of KPMG Inc as the group's external auditors commencing for the
financial year ending 31 August 2016 was confirmed by shareholders at the annual
general meeting held on 18 February 2016.

BASIS OF PREPARATION
The unaudited condensed consolidated half year financial statements are prepared in
accordance with International Financial Reporting Standard, IAS 34 Interim Financial
Reporting, the SAICA Financial Reporting Guides as issued by the Accounting Practices
Committee and Financial Pronouncements as issued by Financial Reporting Standards
Council, the JSE Listings Requirements and the requirements of the Companies Act
of South Africa. The accounting policies applied in the preparation of these half year
financial statements are in terms of International Financial Reporting Standards and
are consistent with those applied in the previous annual financial statements.

Leon Kok (CA (SA)), Redefine's financial director, was responsible for supervising the
preparation of these condensed consolidated half year financial statements, which have
not been reviewed or audited by Redefine's independent external auditors.

Date: 05/05/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

April 2016

<pre>TRP121: Notification Of An Acquisition Of Beneficial Interest In Securities
TRP121: Notification Of An Acquisition Of Beneficial Interest In Securities

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Companies Act") and
Regulation 121(2)(b) of the Companies Act Regulations 2011, shareholders are advised that Redefine has
received notification from Investec Asset Management Holdings Proprietary Limited ("IAM") of the
acquisition by IAM (on behalf of segregated clients) of Redefine shares, such that Investec´s total beneficial
interest in the company is now 5.0382% of Redefine´s issued shares.

21 April 2016

Sponsor
Java Capital

Date: 21/04/2016 05:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

March 2016

<pre>Dealing In Securities By An Associate Of A Director Of The Company
Dealing In Securities By An Associate Of A Director Of The Company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of
a director of Redefine:

Name of associate: Clearwater Property Holdings No 5 (Pty) Ltd
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in
Clearwater Property Holdings No 5 (Pty) Ltd, of which
Harish Mehta is the sole director. The HKM Family Trust
No 2 (of which Harish Mehta is a trustee and beneficiary) is
the sole shareholder of Clearwater Capital (Pty) Ltd, which
is the general partner of the general partner of The
Clearwater Partnership
Transaction date: 22 March 2016
Class of securities: Ordinary shares
Nature of transaction: Off-market zero cost collar hedge over 10 000 000 Redefine
shares with, in each case, a long put strike price of
R10.9420 and a short call strike price of R11.9095, with an
expiry date of 20 March 2017
Nature and extent of director´s interest: Indirect beneficial

24 March 2016

Sponsor
Java Capital

Date: 24/03/2016 01:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
Company code : BIRDF
ISIN: ZAG000104316
(Approved as a REIT by the JSE)

FULL CAPITAL REDEMPTION: RDFB03

In accordance with the terms and conditions of the R10 000 000 000 Domestic Medium Term Note
Programme dated 29 August 2011, investors are advised of the full capital redemption of the RDFB03 notes
effective 22 March 2016.

Date: 23/03/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
Company code : BIRDF
ISIN: ZAG000124736
(Approved as a REIT by the JSE)

FULL CAPITAL REDEMPTION: RDFC22

In accordance with the terms and conditions of the R10 000 000 000 Domestic Medium Term Note
Programme dated 29 August 2011, investors are advised of the full capital redemption of the RDFC22 notes
effective 23 March 2016.

Date: 23/03/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
Company code: BIRDF
ISIN: ZAG000134818
(Approved as a REIT by the JSE)
("Redefine")

NEW FINANCIAL INSTRUMENT LISTING - RDFC30

The JSE Limited has granted Redefine a listing of its RDFC30 Senior Unsecured Floating Rate Notes, due
23 March 2017, in terms of its Domestic Medium-Term Note Programme dated 29 August 2011.

Authorised programme size: R10 000 000 000.00
Total notes in issue (before this issue): R7 437 000 000.00*
Bond code: RDFC30
Nominal issued: R250 000 000.00
Issue price: 100%
Coupon: 8.433% (3 Month JIBAR as at 18 March 2016 of 7.233% plus
120 bps)
Coupon Rate Indicator: Floating
Issue date: 23 March 2016
Maturity date: 23 March 2017
Interest commencement date: 23 March 2016
Last day to register: By 17h00 on 12 June 2016, 12 September 2016,
12 December 2016 and 12 March 2017
Books close: 13 June 2016 to 22 June 2016, 13 September 2016 to
22 September 2016, 13 December 2016 to 22 December 2016 and
13 March 2017 to 22 March 2017
Interest payment dates: 23 June 2016, 23 September 2016, 23 December 2016 and
23 March 2017
ISIN: ZAG000134818
Business date convention: Modified Following Business Day

* of which R4 738 000 000.00 relates to unlisted notes

22 March 2016

Debt Sponsor
Java Capital

Date: 22/03/2016 05:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
Company code: BIRDF
ISIN: ZAG000134792
(Approved as a REIT by the JSE)
("Redefine")

NEW FINANCIAL INSTRUMENT LISTING - RDFB06

The JSE Limited has granted Redefine a listing of its RDFB06 Senior Unsecured Floating Rate Notes, due
22 March 2019, in terms of its Domestic Medium-Term Note Programme dated 29 August 2011.

Authorised programme size: R10 000 000 000.00
Total notes in issue (before this issue): R2 676 000 000.00
Bond code: RDFB06
Nominal issued: R450 000 000
Issue price: 100%
Coupon: 9.183% (3 Month JIBAR as at 18 March 2016 of 7.233% plus
195 bps)
Coupon Rate Indicator: Floating
Issue date: 22 March 2016
Maturity date: 22 March 2019
Interest commencement date: 22 March 2016
Last day to register: By 17h00 on 11 March, 11 June, 11 September and 11 December
of each year that the notes are in issue
Books close: 12 March to 21 March, 12 June to 21 June, 12 September to
21 September and 12 December to 21 December of each year that
the notes are in issue
Interest payment dates: 22 March, 22 June, 22 September and 22 December of each year
that the notes are in issue
ISIN: ZAG000134792
Business date convention: Modified Following Business Day

18 March 2016

Debt Sponsor
Java Capital

Date: 18/03/2016 05:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Acquisition of a majority interest in Echo Prime Properties B.V. and withdrawal of cautionary
Acquisition of a majority interest in Echo Prime Properties B.V. and withdrawal of cautionary

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

ACQUISITION OF A MAJORITY INTEREST IN ECHO PRIME PROPERTIES B.V. AND WITHDRAWAL OF CAUTIONARY

INTRODUCTION

Redefine shareholders are referred to the cautionary announcement released on 4 February 2016, and updated cautionary
announcement released on 26 February 2016, advising that the company was in advanced negotiations for the acquisition of an
offshore portfolio of assets. Redefine is pleased to announce the conclusion on Tuesday, 1 March 2016 of a share purchase and
subscription agreement with Echo Investment S.A. ("Echo") and Echo Prime Properties B.V. ("EPP"), a company incorporated in
the Netherlands (the "transaction agreement"). In terms of the transaction agreement, Redefine will acquire 75% (plus one
share) of the issued share capital of EPP, which indirectly owns a portfolio of prime real estate assets throughout Poland (the
"property portfolio") (the "transaction"). It is Redefine´s intention to reduce its shareholding to approximately 50% through the
immediate on-sale of approximately 25% of EPP´s shares on the basis set out more fully below.

RATIONALE FOR THE TRANSACTION

The transaction significantly advances Redefine´s international investment strategy, which is centred on geographic diversification
and exploiting attractive initial yield spreads. The transaction presents a unique opportunity to create the leading commercial real
estate platform in Poland and to build instant critical mass by acquiring a high quality retail-based portfolio with a strong local
partner providing a substantial development pipeline, which will provide additional growth. In line with its stated intention, it is
anticipated that Redefine´s offshore property assets will increase to 25% of its total property assets under management post the
conclusion of the transaction.

SALIENT TERMS OF THE TRANSACTION

Subject to the fulfilment of the conditions precedent set out below, Redefine will acquire (from Echo) and subscribe for (from
EPP) ordinary shares representing 75% plus one share of the total issued share capital of EPP (the "EPP shares"). It is Redefine´s
intention to reduce this stake to approximately 50% through the immediate on-sale of a portion of the EPP shares to a consortium
of selected co-investors, on the same terms as those governing Redefine´s acquisition of the EPP shares. Echo will remain
invested in EPP and will hold the remaining shares in EPP (representing 25% (less one share) of the ordinary shares in EPP).

The effective date of the transaction will be on the last day of either the month in which the last of the conditions precedent is
satisfied; or the following month, depending on whether or not the conditions precedent are satisfied on or after the fifteenth day
of a given month.

The total consideration payable by Redefine for the EPP shares (the "consideration price") shall be an amount equivalent to 75%
of:

- EUR1,188,000,000; plus

- the amount of working capital held by the EPP group immediately prior to the effective date; plus

- the cash held by the EPP group immediately prior to the effective date; minus

- the amount of debt held by the EPP group immediately prior to the effective date,

which is estimated to result in a total consideration price for the 75% share in EPP of approximately EUR362,000,000. In
addition, there is a mechanism in place in terms of which EPP will pay an earn-out to Echo in connection with planned
GLA extensions to the properties within the property portfolio at an initial yield of 8.5% (with an estimated total value of
approximately EUR60,000,000). In this regard, EUR9,775,000 is payable by EPP to Echo on the effective date, in the context of
an already-completed extension and in respect of which Redefine will pay EPP its pro-rata portion of the amount due, calculated
with reference to its shareholding.

The consideration price will be funded by offshore bridge funding raised by Redefine, and it is anticipated that such bridge
funding will in due course be settled from the proceeds of a placement by Redefine of bonds listed in Europe and convertible into
Redefine ordinary shares.
The transaction attributes a value to the total property portfolio of EUR1,188,000 000. The property portfolio generates net
operating income of EUR71,000,000 and total distributable income (net of interest and withholding tax) of EUR46,000,000.

The transaction agreement contains warranties and other provisions that are typical for a transaction of this nature.

A number of related agreements were concluded together with the transaction agreement, including a shareholders´ agreement
between Redefine, Echo and EPP, containing terms and conditions normal for a transaction of its kind.

CONDITIONS PRECEDENT

The transaction agreement is subject to the following conditions precedent being fulfilled prior to 31 October 2016:

- obtaining of the required antitrust clearance;

- completion of a restructuring of the EPP group such that it is the sole holder of the property portfolio;

- execution by EPP of certain agreements specified in the transaction agreement; and

- receipt by the EPP group of all required consents to the change of control resulting from the transaction.

THE PROPERTY PORTFOLIO

The details of the properties owned indirectly by EPP, including the property name, location, sector, monthly weighted average
rental per square metre, the GLA and the valuation, effective as at 15 January 2016, attributed by Redefine, are as follows:

Note:
1. Excluding rental income generated by non-area units, for example parking lots and antennae.
2. The valuation amount reflects the value attributed to each of the properties by the directors of Redefine, having considered
an appraisal of the property portfolio conducted by Savills plc. The directors of Redefine are not independent and are not
registered as professional valuers or as professional associate valuers in terms of the South African Property Valuers
Profession Act, No 47 of 2000.

The property portfolio will be managed by Griffin Real Estate sp. z o.o., a leading investor in the commercial real estate markets
of Central and Eastern Europe.

DEVELOPMENT PIPELINE

In addition to the above, Redefine will pay its pro-rata portion (calculated with reference to its shareholding in EPP) of an amount
of EUR20,646,249 (subject to upward adjustment to account for equity contributions made prior to completion of the transaction)
(the "profit participation amount"), payable by EPP in consideration for the right to participate in the profit derived from the
sale of certain assets currently being developed by subsidiaries of Echo (the "development properties") and in respect of which
EPP has a right of first offer to acquire. Irrespective of whether its right of first offer to acquire the development properties is
exercised or not, EPP will be entitled to 25% of the profit derived from the sale of such development properties.

REDUCTION IN SHAREHOLDING AND PROPOSED OPTION FOR PARTICIPATION BY EXECUTIVES

As set out above, it is Redefine´s intention, post the effective date, to reduce its shareholding in EPP to approximately
50% through the on-sale of approximately 25% of its shares in EPP to selected co-investors. In addition, the board of directors of
Redefine has agreed in principle to grant certain of the key executives of the company an option to acquire 5% of the issued shares
in EPP, at a price equivalent to the price being paid by Redefine for its shares in EPP, subject to the payment of an option
premium (the "option"). The detailed terms of the option, including the applicable option premium, are still to be determined.

The finalisation and conclusion of the option will constitute a small related party transaction in terms of the 10.7 of the JSE
Listings Requirements and as such will not be subject to shareholder approval, provided an independent expert has confirmed that
the terms of the option are fair as far as shareholders are concerned.

The board of Redefine has appointed Mazars Corporate Finance Proprietary Limited ("Mazars"), an independent professional
expert acceptable to the JSE, to prepare the requisite opinion. A further announcement detailing the terms of the option and the
outcome of the opinion prepared by Mazars will be published in due course.

CATEGORISATION OF THE TRANSACTION

The transaction is classified as a category 2 transaction in terms of paragraph 9.5(a) of the JSE Listings Requirements and
accordingly does not require the approval of Redefine shareholders.

PRESENTATION AND WEBCAST

The company is hosting a live webcast regarding the transaction at 16:00 (SA time) on Tuesday, 1 March 2016. A Powerpoint
presentation (including further details of the property portfolio) will be available on Redefine´s website at www.redefine.co.za
from 16:00 (SA time), with the webcast available for viewing at http://www.corpcam.com/Redefine02032016 and on Redefine´s
website once concluded.

WITHDRAWAL OF CAUTIONARY

Following the release of this announcement, the cautionary announcements published on SENS on 4 February 2016 and
26 February 2016 are withdrawn and caution is no longer required to be exercised by shareholders when dealing in their Redefine
shares.

1 March 2016

Corporate advisor and sponsor
Java Capital

South African legal advisor
Cliffe Dekker Hofmeyr

UK legal advisor
Pinsent Masons

Polish legal advisor
Kochanski zieba and partners

Date: 01/03/2016 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

February 2016

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

PRE-CLOSE WEBCAST

Redefine shareholders are advised that the company is hosting a live pre-close webcast at 12:00 (SA time) on Monday, 29
February 2016, in order to provide investors with an update in respect of the first half of the financial year ending 31 August 2016.

The webcast is available for viewing at http://www.corpcam.com/Redefine29022016. Once concluded, a recording of the webcast
will be available on Redefine´s website at www.redefine.co.za.

29 February 2016

Sponsor

Java Capital
Date: 29/02/2016 10:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF
ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

FURTHER CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on SENS on 4 February 2016 and are
advised that negotiations for the acquisition of an offshore portfolio of assets have advanced such that
Redefine anticipates being in a position to release a detailed announcement of the terms of such transaction
by Wednesday, 2 March 2016. Shareholders are advised to continue exercising caution when dealing in the
company´s securities until a full announcement is made.

26 February 2016

Corporate advisor and sponsor
Java Capital

Date: 26/02/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Results of annual general meeting
Results of annual general meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 18 February 2016 (in
terms of the notice dispatched on Monday, 4 January 2016) all the resolutions tabled thereat (including ordinary
resolutions 10 and 11 which were modified as detailed in the announcement released on SENS on 15 January 2016
and 9 February 2016) were passed by the requisite majority of Redefine shareholders.

Details of the results of voting at the annual general meeting are as follows:

- total number of Redefine shares that could have been voted at the annual general meeting:
4 844 612 023; and
- total number of Redefine shares that were present/represented at the annual general meeting: 3 492 450 122 being
72% of the total number of Redefine shares that could have been voted at the annual general meeting.

Date: 18/02/2016 04:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>TRP121: Notification of an acquisition of beneficial interest in securities
TRP121: Notification of an acquisition of beneficial interest in securities

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Companies Act") and
Regulation 121(2)(b) of the Companies Act Regulations 2011, shareholders are advised that Redefine has
received notification from Investec Limited ("Investec") of the acquisition of Redefine shares, such that
Investec´s total beneficial interest in the company is now 5.0407% of Redefine´s issued shares.

18 February 2016

Sponsor
Java Capital

Date: 18/02/2016 04:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Proposed Modification Of Ordinary Resolutions Numbers 10 And 11 Proposed For Adoption At The Annual General Meeting
Proposed Modification Of Ordinary Resolutions Numbers 10 And 11 Proposed For Adoption At The Annual General Meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

PROPOSED MODIFICATION OF ORDINARY RESOLUTIONS NUMBERS 10 AND 11 PROPOSED FOR
ADOPTION AT THE ANNUAL GENERAL MEETING OF THE COMPANY

Shareholders are referred to the notice of annual general meeting sent to shareholders on 4 January 2016, as well as
the announcement released on SENS on 15 January 2016, and are advised that the following modifications to ordinary
resolution number 10 (placing the unissued ordinary shares under the control of the directors) and ordinary resolution
number 11 (general authority to issue shares for cash) will be proposed at the annual general meeting. The proposed
modifications extend the securities under the control of the directors to specifically include instruments which are or
may be compulsorily convertible into shares, and correct an error in respect of the maximum number of shares
proposed to be placed under the control of the directors of the company; insofar as such maximum number was
referenced as a percentage of the number of authorised but unissued shares of the company, whereas it should have
been referenced as a percentage of the number of issued shares of the company:

Ordinary Resolution Number 10: Placing the unissued ordinary shares under the control of the directors

"Resolved that, subject to the provisions of the Companies Act, the Memorandum of Incorporation and the JSE
Listings Requirements, up to a maximum of 485 048 878 authorised but unissued ordinary shares of no par
value, representing 10% of the issued shares as at the date of passing this resolution of the company, be and are
hereby placed under the control of the directors of the company until the next annual general meeting of the
company, with the authority to allot, issue and otherwise dispose of all or part thereof (including by way of the
issue of instruments which are or may be compulsorily convertible into shares of any class) at their discretion
to fund the acquisition of property assets and/or vendor consideration placings, as detailed in the JSE Listings
Requirements; provided that the maximum discount at which shares may be issued in terms of this authority is
5% of the weighted average traded price of such shares, measured over 30 business days prior to the date that
the price of the issue is agreed between the company and the party subscribing for the shares (or, in the case of
instruments which are or may be compulsorily convertible into shares of any class, the date that such
instruments are issued) adjusted for a dividend where the ex-date in respect of the dividend occurs during the
30-day period in question."

Ordinary Resolution Number 11: General authority to issue shares for cash

"Resolved that, subject to the restrictions set out below and subject to the provisions of the Companies Act and
the JSE Listings Requirements, the directors of the company be and are hereby authorised, until this authority
lapses at the next annual general meeting of the company, provided that this authority shall not extend beyond
15 months, to allot and issue shares of the company for cash, on the following bases:
(a) The allotment and issue of shares for cash shall be made only to persons qualifying as `public
shareholders´, as defined in the JSE Listings Requirements, and not to `related parties´;
(b) The shares which are subject to the issue for cash must be of a class already in issue or, where this is not
the case, must be limited to such shares or rights as are convertible into a class already in issue;
(c) The total aggregate number of shares which may be issued for cash in terms of this authority may not
exceed 242 524 439 shares, being 5% of the company´s issued shares as at the date of notice of this
meeting. Accordingly, any shares issued under this authority prior to this authority lapsing shall be
deducted from the 242 524 439 shares the company is authorised to issue in terms of this authority for the
purpose of determining the remaining number of shares that may be issued in terms of this authority;
2

(d) In the event of a subdivision or consolidation of shares prior to this authority lapsing, the existing
authority shall be adjusted accordingly to represent the same allocation ratio;
(e) The maximum discount at which shares may be issued is 5% of the weighted average traded price of such
shares measured over the 30 business days prior to the date that the price of the issue is agreed between
the company and the party subscribing for the shares (or, in the case of instruments which are or may be
compulsorily convertible into shares of any class, the date that such instruments are issued) adjusted for
a dividend where the ex-date in respect of the dividend occurs during the 30-day period in question; and
(f) After the company has issued shares for cash which represent, on a cumulative basis, within the period
that this authority is valid, 5% or more of the number of shares in issue prior to that issue, the company
shall publish an announcement containing full details of the issue, including the number of shares issued,
the average discount to the weighted average traded price of the shares over the 30 days prior to the date
that the issue is agreed in writing and an explanation, including supporting documentation (if any), of the
intended use of the funds.

The allotment and issue of shares for cash in terms of this authority includes the issue of instruments which are or
may be compulsorily convertible into shares, and any reference to the issue of shares in this authority specifically
includes the issue of any such convertible instruments."

For shareholders´ ease of reference, an amended notice of annual general meeting reflecting the proposed
modifications, can be found on the company´s website at www.redefine.co.za.

9 February 2016

Sponsor
Java Capital

Date: 09/02/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF
ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the company is in advanced negotiations for the acquisition of an offshore portfolio of
assets which, if successfully concluded, may have a material effect on the price of the company's securities.
Accordingly, shareholders are advised to exercise caution when dealing in the company´s securities until a full
announcement is made.

4 February 2016

Corporate advisor and sponsor
Java Capital

Date: 04/02/2016 05:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

January 2016

<pre>Proposed modification of ordinary resolution number 11 proposed for adoption at the annual general meeting
Proposed modification of ordinary resolution number 11 proposed for adoption at the annual general meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

PROPOSED MODIFICATION OF ORDINARY RESOLUTION NUMBER 11 PROPOSED FOR ADOPTION
AT THE ANNUAL GENERAL MEETING OF THE COMPANY

Shareholders are referred to the notice of annual general meeting sent to shareholders on 4 January 2016 and are
advised that in order to correct the number of shares that may be issued under ordinary resolution number 11 (granting
a general authority to the board of directors to issue shares for cash), which has been incorrectly stated in the notice of
annual general meeting, the following modification will be proposed at the annual general meeting:

- the total aggregate number of shares which may be issued for cash in terms of this authority may not exceed
242 524 439 shares, being 5% of the company´s issued shares as at the date of notice of this meeting.
Accordingly, any shares issued under this authority prior to this authority lapsing shall be deducted from the
242 524 439 shares the company is authorised to issue in terms of this authority for the purpose of
determining the remaining number of shares that may be issued in terms of this authority

An amended notice of annual general meeting containing the proposed modification can be found on the company´s
website at www.redefine.co.za.

15 January 2016

Sponsor
Java Capital

Date: 15/01/2016 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>No Change Statement And Notice Of Annual General Meeting
No Change Statement And Notice Of Annual General Meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Redefine shareholders are advised that the company´s integrated annual report and the audited annual financial
statements for the financial year ended 31 August 2015, are available with immediate effect on the company´s
website, www.redefine.co.za, and contain no changes to the summarised and audited group results for the year ended
31 August 2015 which were released on SENS on 4 November 2015.

The summarised audited financial statements for the financial year ended 31 August 2015 were dispatched to
shareholders today, 4 January 2016, and contains the notice of annual general meeting of shareholders of Redefine,
which will be held on Thursday, 18 February 2016 at 10h00 at Redefine Place, 2 Arnold Road, Rosebank,
Johannesburg.

The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday,
5 February 2016 and the record date for voting purposes is Friday, 12 February 2016.

4 January 2016

Sponsor
Java Capital

Date: 04/01/2016 02:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

December 2015

<pre>Dealings in securities by directors of the company
Dealings in securities by directors of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY

Shareholders are referred to the announcement released on 2 December 2015 in relation to the election by
directors of the company to reinvest the cash dividend in return for shares held by them and are advised that the
disclosure in respect of Andrew König was incorrectly stated as him having received 12 524 Redefine ordinary
shares. The actual number of Redefine ordinary shares received by Andrew König in terms of the share
reinvestment alternative was 13 521 Redefine ordinary shares at R10.30, being a total transaction value of
R139 266.30.

22 December 2015

Sponsor
Java Capital

Date: 22/12/2015 11:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings in securities by directors of the company and by an associate of a director of the company
Dealings in securities by directors of the company and by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of a director of
Redefine:

Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 11 December 2015
Class of securities: Ordinary shares
Number of securities: 11 000
Price per security: R8.70
Total value of transaction: R95 700.00
Nature of transaction: On-market purchase
Nature and extent of director´s interest: Not applicable

Shareholders are further advised of the following information relating to the purchase of shares by directors pursuant to
the Redefine Long-term Incentive Scheme: Purchase Scheme ("the scheme"). In terms of the scheme:

- the directors were advanced an interest bearing loan by Redefine to be used to acquire shares; and

- the shares were acquired on behalf of the directors and are pledged and ceded to the company until such time as the
directors discharge the loan.

Date: 15/12/2015 04:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings in securities by directors of the company
Dealings in securities by directors of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY

Shareholders are advised of the following dealings in relation to the purchase of shares under the Matching
Scheme of the Redefine Executive Incentive Scheme ("the Matching Scheme"):

Shareholders are referred to the announcement released on 2 December 2015 in relation to the third tranche of
the award of restricted shares under the Restricted Unit Scheme of the Redefine Executive Incentive Scheme
(the "Restricted Unit Scheme") and are advised that the disclosure in respect of Andrew König was incorrectly
stated as 142 000 Redefine ordinary shares. The actual number of Redefine ordinary shares purchased at
R10.55 to settle the award of shares in terms of the Restricted Unit Scheme was 142 200 being a total
transaction value of R1 500 210.

11 December 2015

Sponsor
Java Capital

Date: 11/12/2015 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings In Securities By Directors And Associates Of Directors Of Redefine
Dealings In Securities By Directors And Associates Of Directors Of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF REDEFINE

Shareholders are advised that pursuant to the declaration of a cash dividend for the year ended 31 August 2015 with an
election to reinvest the cash dividend in return for shares, the results of which were announced on Monday,
30 November 2015 (the "share reinvestment alternative"), directors of the company elected to reinvest the cash
dividend in respect of shares held by them under the Matching Scheme of the Redefine Executive Incentive Scheme and
received shares as follows:

Shareholders are further advised that pursuant to the share reinvestment alternative, directors and associates of directors
of Redefine, elected to reinvest the dividend in respect of shares held by them, and received shares as follows:

Name of company secretary: David Rice
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 20 743
Price per security: R10.30
Total value of transaction: R213 652.90
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 4 715
Price per security: R10.30
Total value of transaction: R48 564.50
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director´s interest: Not applicable

Name of associate: The Clearwater Partnership
Name of director: Harish Mehta
Relationship to director: The HKM Family Trust No 2 (of which Harish Mehta is a trustee
and beneficiary) is the sole shareholder of Clearwater Capital
Proprietary Limited, which is the general partner of the general
partner of The Clearwater Partnership
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 343 304
Price per security: R10.30
Total value of transaction: R3 536 031.20
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director´s interest: Indirect beneficial

Name of associate: Clearwater Property Holdings No. 4 Proprietary Limited
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in Clearwater
Property Holdings No. 4 Proprietary Limited, of which Harish
Mehta is the sole director. The HKM Family Trust No 2 (of which
Harish Mehta is a trustee and beneficiary) is the sole shareholder of
Clearwater Capital Proprietary Limited, which is the general
partner of the general partner of The Clearwater Partnership
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 949 368
Price per security: R10.30
Total value of transaction: R9 778 490.40
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director´s interest: Indirect beneficial

Name of associate: Clearwater Property Holdings No. 5 Proprietary Limited
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in Clearwater
Property Holdings No. 5 Proprietary Limited, of which Harish
Mehta is the sole director. The HKM Family Trust No 2 (of which
Harish Mehta is a trustee and beneficiary) is the sole shareholder of
Clearwater Capital Proprietary Limited, which is the general
partner of the general partner of The Clearwater Partnership
Transaction date: 27 November 2015
Class of securities: Ordinary shares
Number of securities: 686 650
Price per security: R10.30
Total value of transaction: R7 072 495.00
Nature of transaction: Off-market reinvestment in terms of share reinvestment alternative
Nature and extent of director´s interest: Indirect beneficial

Shareholders are further advised of the following dealings in relation to the third tranche of the award of restricted shares
under the Restricted Unit Scheme of the Redefine Executive Incentive Scheme ("the Restricted Unit Scheme") disclosed
in the announcement released on SENS on 7 May 2013:

Name of director: Marc Wainer
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 237 000
Price per security: R10.55
Total value of transaction: R2 500 350.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 142 000
Price per security: R10.55
Total value of transaction: R1 498 100.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: David Rice
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 177 750
Price per security: R10.55
Total value of transaction: R1 875 262.50
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are further advised of the following dealings in relation to the second tranche of the award of restricted
shares under the Restricted Unit Scheme disclosed in the announcement released on SENS on 28 November 2014:

Name of director: Leon Kok
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 126 400
Price per security: R10.55
Total value of transaction: R1 333 520.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Mike Ruttell
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 118 500
Price per security: R10.55
Total value of transaction: R1 250 175.00
Nature of transaction: On-market purchase to settle an award of shares, in terms of the
Restricted Unit Scheme, which vested on 30 November 2015
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are further advised of the following information relating to the grant and acceptance of shares offered under
the Restricted Unit Scheme in accordance with the following conditions:

- upon the acceptance of the award of restricted shares under the Restricted Unit Scheme ("restricted shares"),
vesting will occur on 30 November 2018; and

- 60% of the award is subject to certain performance conditions relating to growth in distributions per share in
relation to peer companies, performance relative to approved budget and achievement of strategic objectives.

Name of director: Marc Wainer
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 400 000
Price per security: Rnil
Total value of transaction: R4 220 000.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 300 000
Price per security: Rnil
Total value of transaction: R3 165 000.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: David Rice
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 275 000
Price per security: Rnil
Total value of transaction: R2 901 250.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 230 000
Price per security: Rnil
Total value of transaction: R2 426 500.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Mike Ruttell
Transaction date: 30 November 2015
Class of securities: Ordinary shares
Number of securities: 155 000
Price per security: Rnil
Total value of transaction: R1 635 250.00, being the total deemed value calculated using the
closing price of Redefine shares on 30 November 2015 of R10.55
Nature of transaction: Off-market acceptance of the restricted shares offered in terms of
the Restricted Unit Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

2 December 2015

Sponsor
Java Capital

Date: 02/12/2015 11:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

November 2015

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a final cash dividend of 41.00 cents per share (the "cash dividend")
with an election to reinvest the dividend in return for Redefine shares (the "share reinvestment alternative")
announced on SENS on Thursday, 5 November 2015 for the year ended 31 August 2015 and the announcement of the
reinvestment price per new share (being R10.30 per share) applicable to Redefine shareholders electing the share
reinvestment alternative released on SENS on Friday, 13 November 2015.

Shareholders holding 2 450 342 348 Redefine shares or 51.54% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share reinvestment alternative, resulting in the issue of 95 989 000
new Redefine shares, retaining R988 686 013.10 (based on the issue price of R10.30 per new share after accounting
for the applicable dividend withholding tax) in new equity for Redefine. Accordingly, a total cash dividend of
R960 658 900.39 (of which R15 954 349.58 is payable as a result of the dividend withholding tax applicable to certain
shareholders who elected the share reinvestment alternative) is payable today in respect of 2 304 157 441 Redefine
shares.

Certificated shareholders who did not elect the share reinvestment alternative in respect of some or all of their shares
and who have provided their bank details to Redefine´s transfer secretaries will have their bank accounts credited on
Monday, 30 November 2015. Share certificates in respect of certificated shareholders who did elect the share
reinvestment alternative in respect of some or all of their shares will be posted on Wednesday, 2 December 2015 to
certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts of
dematerialised shareholders who did not elect the share reinvestment alternative in respect of some or all of their
shares will be credited with the cash dividend on Monday, 30 November 2015 and the Central Securities Depository
Participants or broker custody accounts of dematerialised shareholders who did elect the share reinvestment
alternative in respect of some or all of their shares will be credited on Wednesday, 2 December 2015 with their new
Redefine shares.

30 November 2015

Corporate advisor and sponsor
Java Capital

Date: 30/11/2015 05:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing In Securities By A Director Of The Company
Dealing In Securities By A Director Of The Company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by a director of
Redefine:

Date: 17/11/2015 05:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings In Securities By Directors Of The Company
Dealings In Securities By Directors Of The Company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY

Shareholders are hereby advised of the following information relating to the award of shares pursuant to the
provisions of the Redefine Short-Term Incentive Scheme ("the STI scheme") whereby a portion of the short-
term incentive payable under the STI scheme may be settled by the grant of restricted shares under the
Restricted Share Scheme; which shares will vest in three equal tranches on 30 November 2016 and each year
thereafter:

Name of director: Marc Wainer
Transaction date: 13 November 2015
Class of securities: Ordinary shares
Number of securities: 341 730
Price per security: RNil
Total value of transaction: R3 584 750, being the total deemed value
calculated using the volume weighted
average price for the 5 days prior to and
including the award date, ex dividend, of
R10.49 per share ("the 5 day vwap")
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew Konig
Transaction date: 13 November 2015
Class of securities: Ordinary shares
Number of securities: 260 248
Price per security: RNil
Total value of transaction: R2 730 000, being the total deemed value
calculated using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: David Rice
Transaction date: 13 November 2015
Class of securities: Ordinary shares
Number of securities: 229 886
Price per security: RNil
Total value of transaction: R2 411 500, being the total deemed value
calculated using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 13 November 2015
Class of securities: Ordinary shares
Number of securities: 199 833
Price per security: RNil
Total value of transaction: R2 096 250, being the total deemed value
calculated using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Mike Ruttell
Transaction date: 13 November 2015
Class of securities: Ordinary shares
Number of securities: 131 363
Price per security: RNil
Total value of transaction: R1 378 000, being the total deemed value
calculated using the 5 day vwap
Nature of transaction: Off-market acceptance of restricted shares
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

17 November 2015

Sponsor
Java Capital

Date: 17/11/2015 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Announcement of dividend reinvestment price and confirmation of finalisation
Announcement of dividend reinvestment price and confirmation of finalisation

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ANNOUNCEMENT OF DIVIDEND REINVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION

Further to the declaration of a cash dividend of 41.00 cents per share (the "cash dividend") with an election to
reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"), announced on SENS
on 5 November 2015 (the "declaration announcement"), the price per share, as determined on 13 November 2015,
applicable to Redefine shareholders electing the share reinvestment alternative and recorded in the register on Friday,
27 November 2015 (i.e. the "record date"), is R10.30 per share (the "reinvestment price"). The reinvestment price is
a 3.52% discount to the five-day volume weighted average traded price (less the accrued cash dividend as determined
on 13 November 2015) and a 1.11% discount to the closing spot price (less the accrued cash dividend as determined
on 13 November 2015) of Redefine shares on the JSE prior to the finalisation date.

The ratio in respect of the share reinvestment alternative is 3.98058 shares for every 100 shares held on the record
date. Accordingly, the number of new shares to be issued per 100 shares held on the record date is 3.98058 shares.
Fractions will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and
rounded down to the nearest whole number where the fraction is less than 0.5.

Dividend withholding tax ("dividend tax") implications

Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust ("REIT") are exempt from dividend tax in the hands of South
African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as
detailed in paragraph 5 of the circular to Redefine shareholders dated and posted on Friday, 6 November 2015 (the
"circular"). South African resident shareholders, who have submitted the requisite documentation and are exempt
from dividend tax, will accordingly receive a net dividend of 41.00 cents per share.

Dividend tax implications for non-resident shareholders

Dividends received from a REIT by a non-resident shareholder will be subject to dividend tax at 15%, unless the rate
is reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa
and the country of residence of the non-resident shareholder. A reduced dividend withholding rate in terms of the
applicable DTA may only be relied upon if the non-resident shareholder has provided the requisite documentation as
detailed in paragraph 5 of the circular. Non-resident shareholders who have submitted the requisite documentation and
assuming that a dividend tax rate of 15% is applicable, will accordingly receive a net dividend of 34.85 cents per
share.

The impact of dividend tax on shareholders has been illustrated by way of the example below:

Due to the fact that the cash dividend or share reinvestment alternative may have tax implications for resident and
non-resident shareholders, shareholders are encouraged to consult their professional advisors should they be in any
doubt as to the appropriate action to take.
Trading of Redefine shares

Shareholders are advised that, as per the published timetable, the last date to trade is Friday, 20 November 2015 and
the shares will trade ex-dividend on Monday, 23 November 2015.

As published in the declaration announcement, shareholders electing the share reinvestment alternative are once again
alerted to the fact that the new shares will be listed on LDT + 3 and that these new shares can only be traded on LDT +
3 being Wednesday, 25 November 2015, due to the fact that settlement of the shares will be three days after the record
date, being Wednesday, 2 December 2015, which differs from the conventional one day after record date settlement
process.

Shareholders are reminded that the last day to elect to receive the share reinvestment alternative is 12:00 (South
African time) on Friday, 27 November 2015. No action is required if you wish to receive the cash dividend.

The salient dates, timetable and all other information relating to the dividend (including the tax implications) and
share reinvestment alternative disclosed in the declaration announcement remain unchanged.

13 November 2015

Corporate advisor and sponsor
Java Capital

Date: 13/11/2015 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Posting Of Circular Relating To A Dividend With Election To Reinvest In Return For Shares
Posting Of Circular Relating To A Dividend With Election To Reinvest In Return For Shares

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "group")

POSTING OF CIRCULAR RELATING TO A CASH DIVIDEND WITH THE ELECTION TO REINVEST
THE CASH DIVIDEND IN RETURN FOR REDEFINE SHARES

Shareholders are referred to the summarised and audited group results that were announced on SENS on
5 November 2015 wherein the board of directors declared a final cash dividend of 41.00000 cents per share, for the six
months ended 31 August 2015.

Shareholders will be entitled, in respect of all or part of their shareholding, to elect to reinvest the cash dividend in
return for Redefine shares ("the share reinvestment alternative"), failing which they will receive the cash dividend
of 41.00000 cents per share that will be paid to those shareholders not electing to participate in the share reinvestment
alternative.

A circular providing further information in respect of the cash dividend and share reinvestment alternative has been
posted to Redefine shareholders today being, 6 November 2015. Copies of the circular are only available in English
and may be obtained at Redefine´s registered office, Redefine Place, 2 Arnold Road, Rosebank, 2196 during normal
business hours 08:00 until 16:00 from 6 November 2015 to 27 November 2015. It will also be available on the website
of the company (www.redefine.co.za) as from 6 November 2015.

6 November 2015

Corporate advisor and sponsor
Java Capital

Date: 06/11/2015 03:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Notification In Terms Of Section 45(5) Of The Companies Act, 2008
Notification In Terms Of Section 45(5) Of The Companies Act, 2008

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, 2008

Notice is hereby given to Redefine shareholders that, in terms of the provisions of section 45(5) of the Companies Act,
2008 ("the Act") and pursuant to the special resolution passed at the annual general meeting of the Company held on
19 February 2015 authorising the board of directors of Redefine ("the board") to provide direct or indirect financial
assistance as contemplated in section 45 of the Act to any of its present or future subsidiaries and/or any other
company or corporation that is or becomes related or inter-related to the company, the board has adopted a resolution
to provide financial assistance on the following basis:

- As announced on SENS on 7 September 2015, Redefine International PLC ("Redefine International"), an
inter-related company to Redefine and Redefine AUK Holdings Limited ("Redefine Holdings") (a wholly-
owned subsidiary of Redefine International) have entered into an agreement to acquire a property portfolio
from Aegon UK Property Fund Limited, subject to the requisite shareholder approval of Redefine
International, to be financed either by way of an equity raise to be undertaken by Redefine International or by
way of a loan facility to be granted to Redefine Holdings ("the acquisition").

- In order to facilitate the acquisition, Redefine has entered into an equity commitment agreement with
Redefine International whereby, should Redefine International elect to pursue an equity raise, Redefine
irrevocably undertakes to subscribe for up to £70 000 000 of ordinary shares in Redefine International in the
equity raise ("Irrevocable Undertaking").

- Should Redefine International elect not to pursue the aforesaid equity raise, Redefine has entered into a
convertible facility agreement with Redefine Global Proprietary Limited ("Redefine Global") (a wholly
owned subsidiary of Redefine) and Redefine Holdings in terms of which Redefine Global will make a facility
available to Redefine Holdings in the amount of £135 000 000 ("the Facility"). Redefine will guarantee and
ensure that, at all times, Redefine Global is sufficiently capitalised and/or has access to sufficient funding to
be able to comply with its obligations and make the Facility available to Redefine Holdings ("the
Guarantee").

- Both the Irrevocable Undertaking and the Guarantee constitute financial assistance by Redefine as
contemplated in section 45 of the Act and accordingly, in accordance with section 45(3)(b) of the Act, the
board advise that it is satisfied and acknowledges, in respect of the Irrevocable Undertaking and the
Guarantee, that:

(i) immediately after providing the financial assistance referred to above, Redefine satisfies the solvency and
liquidity test as provided for in section 4 of the Act; and

(ii) the terms under which the financial assistance is to be given are fair and reasonable to Redefine.

5 November 2015

Sponsor
Java Capital

Date: 05/11/2015 11:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

AVAILABILITY OF INVESTOR PRESENTATION

Shareholders are advised that a copy of the investor presentation, which will be presented to members of the
investment community today, Thursday, 5 November 2015, is available on the company´s website -
www.redefine.co.za.

5 November 2015

Sponsor
Java Capital

Date: 05/11/2015 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Summarised and audited for the year ended 31 August 2015
Summarised and audited for the year ended 31 August 2015

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1999/018591/06
JSE share code: RDF ISIN: ZAE000190252
("Redefine" or "the company" or "the group")
(Approved as a REIT by the JSE)

REDEFINE PROPERTIES LIMITED
GROUP RESULTS
SUMMARISED AND AUDITED FOR THE YEAR ENDED 31 AUGUST 2015

Redefine is a diversified Real Estate Investment Trust (REIT) with a market capitalisation of
R54,8 billion and is classified as one of the Top 40 companies listed on the Johannesburg Stock Exchange
(JSE). Redefine manages a property asset base with a market value of R64,5 billion, comprising local and
international property investments. Redefine´s core focus is to deliver sustained value to all
stakeholders by achieving its primary goal of growing and improving cash flow. Redefine´s shares are
actively traded on the JSE, making it a highly liquid investment choice for gaining exposure to the
domestic and international commercial real estate markets.

At 31 August 2015, Redefine´s diversified, local property portfolio was valued at R53,4 billion. The
group´s international investments, valued at R11,1 billion represent 17,3% of total property assets and
provide geographic diversification into the UK, German and Australian property markets. Redefine has a
30,1% equity interest, with a market value of R4,9 billion, in Redefine International PLC (RI PLC) which
is listed on both the London Stock Exchange and the JSE. During the year Redefine acquired a German
retail portfolio in a co-investment with RI PLC valued at R653 million. In addition, Redefine has a
R5,6 billion presence in the Australian property market through a direct 50% interest in North Sydney´s
landmark tower, Northpoint, as well as a holding of 25,6% in Cromwell Property Group (Cromwell), which is
listed on the Australian Stock Exchange.

FINANCIAL RESULTS

Redefine´s Board has declared a dividend of 41,00000 (2014: 38,14000) cents per share for the six months
ended 31 August 2015, an increase of 7,5% on the comparable period, which is in line with market
guidance. This brings the full year distribution to 80,00000 (2014: 74,54000) cents per share resulting
in year-on-year growth of 7,3% (2014: 8.5%). In Rand terms, distributable income for the year increased
by 36,3% (2014: 19,9%) benefiting from a number of substantial quality acquisitions made in recent years.

Property portfolio income for the year contributed 94,2% (2014: 96,0%) of total revenue (excluding
insurance proceeds received), income from listed securities 5,1% (2014: 3,3%), and fee and trading income
were 0,7% (2014: 0.6%).

The group´s property portfolio was independently valued at 31 August 2015 producing a net increase in
value of R1,9 billion (2014: R1,2 billion). In terms of IAS 40 and IFRS 7, Redefine´s investment
properties are measured at fair value and are categorised as level 3 investments. There were no transfers
between levels 1, 2 and 3 during the year. The investment in listed securities increased in value by
R160 million (2014: R297 million) during the year. The balance of R146,4 million relates mainly to the
mark-to-market of the group´s interest rate swaps, which protect the group against adverse interest rate
movements. In terms of IAS 39 and IFRS 7, Redefine´s listed securities and interest rate swaps are
measured at fair value through profit or loss and are categorised as level 1 and level 2 investments
respectively. There were no transfers between levels 1, 2 and 3 during the year.

Letting activity: The overall portfolio vacancy rate improved during the year by 0,1% to 5,4%. Leases
covering 510 649m2 were renewed at an average rental decrease of 3,0%, with the retention rate a pleasing
87%. A further 338 294m2 was let across the portfolio. Vacancies are set out below as a percentage of
gross lettable area (GLA):

Redefine continues to deliver on its strategy of diversifying, growing and improving the quality of it´s
property portfolio. In acquisitions the emphasis, wherever possible, is on securing fully repairing
leases with blue-chip tenants.

Leaf Property Fund (Leaf): Redefine acquired a portfolio of 14 high-quality commercial property assets,
valued at R4,1 billion, situated in the key nodes of the Western Cape and Gauteng from Leaf. The
acquisition added 213 155m2 to the office portfolio and has an expected yield of 7,8%. The acquisition is
in line with Redefine´s strategy of improving the quality of its core property portfolio by acquiring
high-quality assets that offer cash flow comfort and low vacancy levels. Black River Park is the first
office complex to be awarded a six-star Green Star SA rating in terms of the existing building
accreditation. This clearly supports and reaffirms Redefine´s commitment to sustainable business
practices.

All conditions precedent were fulfilled on 15 April 2015 and the transaction had a commercial effective
date of 1 March 2015. Pre-acquisition income of R14,9 million has been recognised for distributable
income purposes as 139,6 million Redefine shares were issued ranking for distribution from the commercial
effective date. The acquired businesses contributed revenues of R163,6 million and net loss after tax of
R20,4 million to the group for the five months since acquisition. These amounts have been calculated
using the group´s accounting policies. If the businesses had been acquired on 1 September 2014,
management estimates that the revenue and profit after tax from the businesses would have been
R421,2 million and R245,1 million respectively.

The assets and liabilities as at 15 April 2015 arising from the acquisition are as follows:

* The trade receivables comprise gross contractual amounts due of R24,9 million, the group´s best
estimate of the contractual cash flow not expected to be collected is R0,5 million.
** The goodwill arises as a result of the expected synergies from the acquisition.

The distributions received from the sellers amounting to R54,4 million, relating to the accounting period
before they obtained Redefine shares, were reimbursed to Redefine per the acquisition agreements.

Fountainhead Property Trust (Fountainhead): On 24 July 2015, Fountainhead unitholders voted in favour of
the acquisition by Redefine of all of Fountainhead´s assets, including its entire property portfolio, in
exchange for 85 Redefine consideration shares for every 100 Fountainhead units in issue, and the
assumption by Redefine of all Fountainhead´s liabilities, including its interest-bearing debt. The
transaction was implemented on 3 August 2015, with the consideration shares issued directly to
Fountainhead unitholders cum entitlement to the full Redefine income distribution for the six months
ended 31 August 2015. Notwithstanding the implementation date, the commercial effective date of the
transaction was 1 March 2015, from which date Redefine became entitled to all of the income received by
or accruing to Fountainhead. Accordingly, and as more fully detailed in the joint announcement released
by Redefine and Fountainhead on SENS on 25 June 2015, R101,9 million (being the minority shareholders´
portion of Fountainhead´s distributable income for the period 1 March 2015 to the date on which the
transaction was implemented) has been included in Redefine´s distributable income.

Acquisitions: In addition to the Leaf and Fountainhead portfolio´s, Redefine acquired and transferred
34 properties, with a GLA of 637 867m2, during the year for an aggregate consideration of R3,6 billion,
at an initial yield of 8,5%. Redefine also acquired a 45% undivided share in vacant industrial land in
Germiston for R312 million, with a gross building area of 1 285 903m2 (Redefine´s share 578 656m2).
Subject to conditions precedent, agreements also have been concluded for the acquisition of properties,
for an aggregate consideration of R415 million, at an initial yield of 9,9% and GLA of 12 135m2.
Properties with an aggregate consideration of R354 million transferred subsequent to the reporting
period.

Developments: New development projects covering 195 055m2 of GLA with an approved value of R2,2 billion
at an average yield of 8,6%, are presently in progress. Redevelopment projects in the existing portfolio
with an approved value of R1,6 billion at an average yield of 6,1% are also in progress. Projects
totalling R1,4 billion were completed during the year.

Disposals: 35 properties with a GLA of 339 000m2, which no longer met Redefine´s investment criteria,
were sold during the year to various buyers for an aggregate consideration of R2,2 billion, at an average
yield of 9,3%. In addition, agreements, subject to conditions precedent, were concluded for the disposal
of properties for an aggregate consideration of R1,2 billion, with a GLA of 164 707m2 at an average
yield of 8.3%.

Government tenanted office portfolio: Discussions with a number of interested parties have continued
regarding the disposal of this portfolio through a structured process in order to manage the potential
dilution of distributable income. As there is a high degree of deal risk, the properties remain in the
active portfolio.

Sustainability: As part of Redefine´s focus on sustainability and cost efficiency, various energy-
efficient and sustainable building technologies are being implemented in new developments as well as on
existing buildings, including installation of solar PV and smart metering of electricity and water.
To protect income, Redefine is taking steps to ensure that there is uninterrupted electricity supply at a
number of its key properties.

LISTED SECURITIES

Redefine currently owns 11,5% of Emira Property Fund (Emira). During the year, Redefine sold 11 million
shares and realised a gain of R22 million. Redefine also disposed of 18,7 million Dipula A and B units
which realised a profit of R49,1 million. These shares were held for less than a year and as a result the
realised taxable profit has been included in listed security income.

INTERESTS IN ASSOCIATES AND JOINT VENTURES

RI PLC: On 3 March 2015, RI PLC undertook a capital raise in which Redefine participated and acquired
39,5 million additional RI PLC shares for a consideration of R384 million. During the year, Redefine also
participated in RI PLC´s dividend re-investment scheme and elected to receive 14,4 million shares.
Currently Redefine owns 30,1% of RI PLC, which is equity accounted. The market value of RI PLC is
R749 million more than the equity accounted carrying value.

German portfolio: During the year, Redefine entered into a joint venture arrangement with RI PLC to
acquire a 50% interest in a portfolio of 56 retail properties in Germany. Redefine´s aggregate
consideration for the acquisition was R704 million at an initial yield of 7,5%.

Cromwell: On 31 August 2015, Redefine acquired a further 9,7% interest in Cromwell for R1,6 billion,
increasing it´s holding in Cromwell to 25,6%. Redefine now has significant influence over Cromwell and,
as a consequence, the investment has been transferred to interest in associates.

FUNDING

Redefine´s debt represented 36,8% (2014: 38,0%) of the value of its property assets as at 31 August 2015.
Redefine´s average cost of funding is 8,4% (2014: 8,2%) - interest rates are fixed on 81,3% (2014: 78,3%)
of borrowings for an average period of 2,8 years (2014: 3,6 years). The interest cover ratio (which
includes equity accounted profit and listed security income) is 3.2 (2014: 3.0).

During the year, Redefine issued 297,6 million shares through accelerated book builds for R3,1 billion
in cash, issued 246,5 million shares to various vendors for the acquisition of assets totalling
R2,6 billion, issued 337,1 million shares to Fountainhead´s minority investors representing R3,8 billion,
issued 300 million shares to the Redefine Empowerment Trust on loan account for R3,1 billion and
conserved R1,6 billion in cash through the issue of 162,7 million shares under the distribution
reinvestment alternative. The number of shares in issue increased by 1 343,9 million shares (an increase
of 41,5%) representing equity of R14,2 billion.

At 31 August 2015, Redefine had guarantees and suretyships in respect of its Black Economic Empowerment
initiatives amounting to R195 million (2014: R218 million). Capital commitments outstanding accounted to
R2,2 billion (2014: R2,5 billion) and committed property acquisitions totalled R415 million
(2014: R3,0 billion). Redefine has undertaken to underwrite R1,4 billion (£70,0 million) of RI PLC´s
planned capital raise to fund part of the second phase of the Aegon portfolio acquisition. Should the
equity raise not proceed, Redefine has provided a R2,8 billion (£135,0 million) loan facility to RI PLC,
which may be utilised to fully fund this phase of the transaction. The loan facility must be repaid
within three months of drawdown, or it will convert into a 50% equity interest in the Aegon portfolio,
which will be co-owned with RI PLC. The future commitments will be funded by the issue of Redefine
shares and undrawn banking facilities.

BROAD-BASED BLACK ECONOMIC EMPOWERMENT INITIATIVE

As part of Redefine´s commitment to sustainable, long-term economic and social development the Redefine
Empowerment Trust (the Trust) was established. On 17 July 2015 Redefine issued 300 million shares to the
Trust, which was funded by a loan advanced by Redefine. The Trust will primarily focus on activities to
improve education and training through the provision of scholarships and bursaries and community
development programmes. The Trust is constituted as a capital-preserving Trust and as such will not be
entitled to dispose of the shares not used to redeem the loan from Redefine. The Trust will therefore
continue in perpetuity. The 300 million shares issued to the Trust have been accounted for as treasury
shares.

PROSPECTS

The domestic economic outlook remains bleak. The manufacturing sector is in contractionary territory and
confidence is low. Neither the business cycle nor structural factors are likely to provide much support
to drive growth. There is therefore no compelling reason to believe that prevailing local trading
conditions (stagnant local economic growth and volatile financial markets) will change materially during
the coming financial year. In fact, expected interest rate hikes, a generally soft currency, a very
challenging leasing market, cash flow and cost pressures are business factors we anticipate having to
contend with during 2016. This calls for extra vigilance on risks and opportunities as well as a
relentless focus on disciplined and decisive execution of Redefine´s strategic priorities. Despite the
local trading pressures, Redefine anticipates that it will be able to leverage its geographically
diversified asset base to achieve distribution growth of between 6% and 7% per share for the full 2016
year.

This forecast is predicated on the assumption that current trading conditions will prevail. Forecast
rental income is based on contractual terms and anticipated market-related renewals. The forecast has not
been reviewed or reported on by the group´s independent external auditors.

DECLARATION OF A CASH DIVIDEND WITH THE ELECTION TO REINVEST THE CASH DIVIDEND IN RETURN FOR REDEFINE SHARES

The Board of directors of Redefine has declared a final cash dividend of 41,00000 cents per share, for
the six months ended 31 August 2015, out of the company´s distributable income (the cash dividend).

Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the
cash dividend in return for Redefine shares (the share reinvestment alternative), failing which they will
receive the cash dividend of 41,00000 cents per share that will be paid to those shareholders not
electing to participate in the share reinvestment alternative.

A circular providing further information in respect of the cash dividend and share reinvestment
alternative will be posted to Redefine shareholders on 6 November 2015.

Shareholders who have dematerialised their shares through a Central Securities Depository Participant
(CSDP) or broker should instruct their CSDP or broker with regard to their election in terms of the
custody agreement entered into between them and their CSDP or broker.

SALIENT DATES AND TIMES

The salient dates and times for the cash dividend and share reinvestment alternative are as set out
below.

Salient dates and times 2015
Circular and form of election posted to shareholders Friday, 6 November
Finalisation information including the share ratio and
price per share published on SENS Friday, 13 November
Last day to trade in order to participate in the election
to receive shares in terms of the share reinvestment alternative
or to receive a cash dividend (LDT) Friday, 20 November
Shares trade ex-dividend Monday, 23 November
Listing of maximum possible number of shares under the share
reinvestment alternative Wednesday, 25 November
Last day to elect to receive shares in terms of the share
reinvestment alternative or to receive a cash dividend
(no late forms of election will be accepted) at 12:00 (SA time) Friday, 27 November
Record date for the election to receive shares in terms of the share
reinvestment alternative or to receive a cash dividend (record date) Friday, 27 November
Announcement of results of cash dividend and share reinvestment
alternative released on SENS Monday, 30 November
Cash dividend cheques posted to certificated shareholders on or about Monday, 30 November
Accounts credited by CSDP or broker to dematerialised shareholders
with the cash dividend payment Monday, 30 November
Share certificates posted to certificated shareholders on or about Wednesday, 2 December
Accounts updated with the new shares (if applicable) by CSDP or
broker to dematerialised shareholders Wednesday, 2 December
Adjustment to shares listed on or about Friday, 4 December

Notes:
- Shareholders electing the share reinvestment alternative are alerted to the fact that the new shares
will be listed on LDT + 3 and that these new shares can only be traded on LDT + 3, due to the fact that
settlement of the shares will be three days after the record date, which differs from the conventional
one day after record date settlement process.
- Shares may not be dematerialised or rematerialised between Monday, 23 November 2015 and Friday,
27 November 2015, both days inclusive.
- The above dates and times are subject to change. Any changes will be released on SENS.

TAX IMPLICATIONS

Redefine was granted REIT status by the JSE with effect from 1 September 2013 in line with the REIT
structure as provided for in the Income Tax Act, 58 of 1962, as amended (the Income Tax Act) and section
13 of the JSE Listings Requirements.

The REIT structure is a tax regime that allows a REIT to deduct qualifying distributions paid to
investors, in determining its taxable income.

The cash dividend of 41,00000 cents per share meets the requirements of a qualifying distribution for the
purposes of section 25BB of the Income Tax Act (a qualifying distribution) with the result that:

- Qualifying distributions received by resident Redefine shareholders must be included in the gross
income of such shareholders (as a non-exempt dividend in terms of section 10(1)(k)(aa) of the Income
Tax Act), with the effect that the qualifying distribution is taxable as income in the hands of the
Redefine shareholder. These qualifying distributions are however exempt from dividends withholding
tax, provided that the South African resident shareholders provided the following forms to their CSDP
or broker, as the case may be, in respect of uncertificated shares, or the company, in respect of
certificated shares:

- a declaration that the dividends are exempt from dividends tax; and
- a written undertaking to inform the CSDP, broker or the company, as the case may be, should the
circumstances affecting the exemption change or the beneficial owner cease to be the beneficial
owner, both in the form prescribed by the Commissioner for the South African Revenue Service.
Shareholders are advised to contact their CSDP, broker or the company, as the case may be, to
arrange for the above mentioned documents to be submitted prior to payment of the distribution, if
such documents have not already been submitted.

- Qualifying distributions received by non-resident Redefine shareholders will not be taxable as income
and instead will be treated as ordinary dividends but which are exempt in terms of the usual dividend
exemptions per section 10(1)(k) of the Income Tax Act. It should be noted that until 31 December 2013
qualifying distributions received by non-residents were not subject to dividends withholding tax. From
1 January 2014 any qualifying distribution will be subject to dividends withholding tax at 15%, unless
the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA)
between South Africa and the country of residence of the shareholder. Assuming dividends withholding
tax will be withheld at a rate of 15%, the net dividend amount due to non-resident shareholders is
34,85000 cents per share. A reduced dividend withholding rate in terms of the applicable DTA, may only
be relied upon if the non-resident shareholder has provided the following forms to their CSDP or
broker, as the case may be, in respect of uncertificated shares, or the company, in respect of
certificated shares:
- a declaration that the dividend is subject to a reduced rate as a result of the application of a
DTA; and
- a written undertaking to inform their CSDP, broker or the company, as the case may be, should the
circumstances affecting the reduced rate change or the beneficial owner cease to be the beneficial
owner, both in the form prescribed by the Commissioner for the South African Revenue Service. Non-
resident shareholders are advised to contact their CSDP, broker or the company, as the case may be,
to arrange for the above mentioned documents to be submitted prior to payment of the dividend if
such documents have not already been submitted, if applicable.

Shareholders are advised that in electing to participate in the share reinvestment alternative, pre-
taxation funds are utilised for the reinvestment purposes and that taxation will be due on the total cash
dividend amount of 41,00000 cents per share.

OTHER INFORMATION

- The ordinary issued share capital of Redefine is 4 754 499 789 ordinary shares of no par value before
any election to reinvest the cash dividend.
- Income tax reference number of Redefine: 917/852/484/0.

The cash dividend or share reinvestment alternative may have tax implications for resident as well as
non-resident shareholders. Shareholders are therefore encouraged to consult their professional advisers
should they be in any doubt as to the appropriate action to take.

DIVIDEND DECLARATION AFTER REPORTING DATE

In line with IAS 10 Events after the Reporting Period, the declaration of the dividend occurred after the
end of the reporting period, resulting in a non-adjusting event which is not recognised in the financial
statements. In prior periods, the distribution consisted of debenture interest which accrued on a daily
basis.

BOARD AND SECRETARIAL APPOINTMENTS

Phumzile Langeni was appointed to the Board as an independent non-executive director, with effect from
6 May 2015. Marius Barkhuysen and Nthombi Langa-Royds are appointed to the Board as independent non-
executive directors with immediate effect. Bronwyn Baker was appointed as company secretary with effect
from 1 August 2015.

BASIS OF PREPARATION

The financial statements for the year ended 31 August 2015 have been audited by the group´s independent
external auditors, Grant Thornton. Their unqualified audit opinion is available for inspection at the
company´s registered office. The summarised results have been prepared in accordance with International
Financial Reporting Standards, IAS 34 Interim Financial Reporting, the SAICA Financial Reporting Guides
as issued by the Accounting Practices Committee and Financial Pronouncements as issued by the Financial
Reporting Standards Council, the JSE Listings Requirements and the requirements of the South African
Companies Act, 2008 (as amended). This summarised report is extracted from audited financial information,
but is not itself audited. The auditor´s report does not necessarily report on all of the information
contained in this announcement. Shareholders are therefore advised that in order to obtain a full
understanding of the nature of the auditor´s engagement they should obtain a copy of the auditor´s report
together with the accompanying financial information from the company´s registered office. The directors
take full responsibility for the preparation of this summarised report and confirm that the financial
information has been correctly extracted from the underlying audited results for the year ended
31 August 2015.

Except for the new standards and interpretations adopted as set out below, all accounting policies
applied by the group in the preparation of these consolidated annual financial statements are consistent
with those applied by the group in its consolidated annual financial statements as at and for the year
ended 31 August 2014. The group has adopted the following new standards and interpretation:

Date: 05/11/2015 07:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Changes to the board of directors
Changes to the board of directors

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

CHANGES TO THE BOARD OF DIRECTORS

Shareholders are advised that Nomalizo Beryl (Ntombi) Langa-Royds and Marius Barkhuysen have been
appointed as independent non-executive directors to the board of directors of Redefine (the "board"), with
effect from 4 November 2015.

Ntombi (BA (Law), LLB), is the owner of Nthake Consulting, a human resources consultancy business and
has more than 25 years´ experience in human resources. She is an independent non-executive director on the
boards of African Bank Investments Limited, PPC Limited, Mpact Limited and Murray &amp; Roberts Holdings
Limited.

Marius has over 30 years´ experience in the retail trading environment and an in-depth understanding of
retail property. He was previously an independent non-executive director of Fountainhead Property Trust
and a director and member of the executive committee of Pepkor Holdings Proprietary Limited.

The board welcomes both Ntombi and Marius.

5 November 2015

Sponsor

Java Capital

Date: 05/11/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

September 2015

<pre>Dealings in securities by a director of Redefine
Dealings in securities by a director of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY A DIRECTOR OF REDEFINE

Shareholders are advised of the following information relating to dealings in securities by a director of
Redefine:

Date: 22/09/2015 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of
a director of Redefine:

Name of associate: Clearwater Property Holdings No 4 (Pty) Ltd
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in
Clearwater Property Holdings No 4 (Pty) Ltd, of which
Harish Mehta is the sole director. The HKM Family Trust
No 2 (of which Harish Mehta is a trustee and beneficiary) is
the sole shareholder of Clearwater Capital (Pty) Ltd, which
is the general partner of the general partner of The
Clearwater Partnership
Transaction date: 3 September 2015
Class of securities: Ordinary shares
Nature of transaction: Off-market zero cost collar hedge over 8 559 650 Redefine
shares with a short put strike price of R10.4514, a long put
strike price of R11.6127 and a call strike price of R12.4953
with an expiry date of 2 September 2016
Nature and extent of director´s interest: Indirect beneficial

7 September 2015

Sponsor
Java Capital

Date: 07/09/2015 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or "the company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of
a director of Redefine:

Name of associate: Clearwater Property Holdings No 4 (Pty) Ltd
Name of director: Harish Mehta
Relationship to director: The Clearwater Partnership holds 100% of the shares in
Clearwater Property Holdings No 4 (Pty) Ltd, of which
Harish Mehta is the sole director. The HKM Family Trust
No 2 (of which Harish Mehta is a trustee and beneficiary) is
the sole shareholder of Clearwater Capital (Pty) Ltd, which
is the general partner of the general partner of The
Clearwater Partnership
Transaction date: 31 August 2015
Class of securities: Ordinary shares
Nature of transaction: Off-market zero cost collar hedge over 1 440 350 Redefine
shares with a short put strike price of R10.0826, a long put
strike price of R11.2029 and a call strike price of R12.0543
with an expiry date of 30 August 2016
Nature and extent of director´s interest: Indirect beneficial

2 September 2015

Sponsor

Java Capital

Date: 02/09/2015 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

August 2015

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

PRE-CLOSED PERIOD PRESENTATION

Shareholders are invited to join Redefine´s Chief Executive Officer, Andrew Konig, for a short presentation on matters
relating to the company´s activities for the second half of the financial year.

The company´s closed period commences on 1 September 2015 and is expected to end on 5 November 2015 with the
release of Redefine´s annual financial results for the year ended 31 August 2015.

For any queries, contact Marijke Coetzee on +27 11 283 0045 or at investorenquiries@redefine.co.za.

A podcast will be available on the company´s website, www.redefine.co.za, approximately 2 hours after the conclusion of
the presentation.

27 August 2015

Sponsor
Java Capital

Date: 27/08/2015 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>TRP121: Notification of an acquisition of beneficial interest in securities
TRP121: Notification of an acquisition of beneficial interest in securities

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Companies Act") and
Regulation 121(2)(b) of the Companies Act Regulations 2011, shareholders are advised that Redefine has
received notification from Investec Limited ("Investec") of the acquisition of Redefine shares, such that
Investec´s total beneficial interest in the company is now 5.6406% of Redefine´s issued shares.

25 August 2015

Sponsor
Java Capital

Date: 25/08/2015 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Results Of The Accelerated Book Build
Results Of The Accelerated Book Build

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

RESULTS OF THE ACCELERATED BOOK BUILD

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD
BE UNLAWFUL TO DO SO

Shareholders are advised that Redefine has closed its book build announced earlier today.

In light of strong demand, the amount of capital raised was increased from R1.5 billion to R1.7 billion
through the placing of 154 545 455 shares at a price of R11.00 per share.

Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on
Thursday, 27 August 2015.

Java Capital acted as sole bookrunner.

19 August 2015

Bookrunner and sponsor

Java Capital

The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.

This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the District of
Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have
not been and will not be registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement does
not and is not intended to constitute an offer to the public in South Africa in terms of the South African
Companies Act 71 of 2008 as amended ("Companies Act"). Neither this announcement nor any copy of it
may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in
article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and high net worth
entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of
the Order.

This announcement has been issued by and is the sole responsibility of the company. No representation or
warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or
will be accepted by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available to
or publicly available to any interested party or its advisers, and any liability therefore is expressly
disclaimed.

Date: 19/08/2015 12:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

ACCELERATED BOOK BUILD

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD
BE UNLAWFUL TO DO SO

Redefine announces an equity raising of approximately R1.5 billion through the issue of new shares (the
"equity raise") that will be completed under the company´s general authority to issue shares for cash.

The equity raise will be implemented through an accelerated book build process (the "book build"). Only
public investors may participate in the equity raise which is subject to a minimum subscription application
of R1 million per applicant. The book build is now open and the company reserves the right to close it at
anytime.

The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with
existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the
closing of the book build.

Redefine reserves the right to increase the size of the equity raise subject to demand.

Java Capital is acting as sole bookrunner.

Java Capital contact details:

Carl Esterhuysen
Redefine@javacapital.co.za
011 722 3054

19 August 2015

Bookrunner and sponsor

Java Capital

The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.

This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the District of
Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have
not been and will not be registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement does
not and is not intended to constitute an offer to the public in South Africa in terms of the South African
Companies Act 71 of 2008 as amended ("Companies Act"). Neither this announcement nor any copy of it
may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in
article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and high net worth
entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of
the Order.

This announcement has been issued by and is the sole responsibility of the company. No representation or
warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or
will be accepted by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available to
or publicly available to any interested party or its advisers, and any liability therefore is expressly
disclaimed.

Date: 19/08/2015 07:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY

Shareholders are advised of the following information relating to the dealing in securities by an associate of a
director of Redefine pursuant to a related party disposal by Fountainhead Property Trust ("Fountainhead") of
all of its assets to Redefine in exchange for Redefine shares, which shares are being issued directly to
Fountainhead unitholders by Redefine (the "Fountainhead disposal"):

Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 11 August 2015
Class of securities: Ordinary shares
Number of securities: 25 483 Redefine shares (received as
consideration for the Fountainhead
disposal)
Price per security: R11.15
Total value of transaction: R284 135.45
Nature of transaction: Off-market acquisition
Nature and extent of director´s interest: Not applicable

17 August 2015

Sponsor
Java Capital

Date: 17/08/2015 01:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>TRP121: Notification of a disposal of beneficial interest in securities
TRP121: Notification of a disposal of beneficial interest in securities

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

TRP121: NOTIFICATION OF A DISPOSAL OF BENEFICIAL INTEREST IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Companies Act") and
Regulation 121(2)(b) of the Companies Act Regulations 2011, shareholders are advised that Redefine has
received notification from Standard Bank Group Limited ("Standard Bank") of the disposal of Redefine
shares, such that Standard Banks´ total beneficial interest in the company is now 4.50% of Redefine´s issued
shares.

12 August 2015

Sponsor
Java Capital

Date: 12/08/2015 10:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

July 2015

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

CHANGE OF COMPANY SECRETARY

Shareholders are advised that CIS Company Secretaries Proprietary Limited ("CIS") has resigned as
Company Secretary to Redefine with effect from 1 August 2015 and Ms Bronwyn Baker has been appointed
in this role effective 1 August 2015.

Bronwyn Baker qualified with a Bachelor of Arts degree from the University of the Witwatersrand where
she majored in Law and Psychology. She has completed programmes of the Institute of Chartered
Secretaries of Southern Africa (ICSA) in Governance, Management and Administration. Bronwyn is an
Associate Member of the Chartered Institute of Business Management. She was previously the Assistant
Company Secretary at Mpact Limited.

The board of directors wishes to thank CIS for their contribution to Redefine and welcomes Bronwyn to the
team.

31 July 2015

Sponsor
Java Capital

Date: 31/07/2015 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine") or (the "company")

RESULTS OF GENERAL MEETING

Redefine shareholders are hereby advised that, at the general meeting of Redefine convened on Thursday, 23 July 2015 in terms of
the notice of general meeting disseminated to its shareholders on Wednesday, 24 June 2015, all the proposed resolutions were
approved by the requisite majority of shareholders.

Details of the results of voting at the general meeting are as follows:

- total number of Redefine shares that could have been voted at the general meeting: 4 262 875 819; and
- total number of Redefine shares that were present/represented at the general meeting: 3 049 605 999 (being 71.54% of the
total number of shares that could have been voted at the meeting).

Ordinary Resolution 1: Issue of shares for the acquisition of all of Fountainhead´s assets, including the entire Fountainhead
property portfolio

* shares excluding abstentions
^ in relation to total number of shares in issue

23 July 2015

Corporate advisor and sponsor to Redefine
Java Capital

Date: 23/07/2015 11:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

JOINT ANNOUNCEMENT REGARDING THE CONCLUSION OF AN AGREEMENT BETWEEN REDEFINE, FOUNTAINHEAD AND FPTML AND
WITHDRAWAL OF FOUNTAINHEAD CAUTIONARY ANNOUNCEMENT

1. INTRODUCTION AND BACKGROUND

1.1. Redefine shareholders and Fountainhead unitholders are referred to the SENS announcement released
jointly by Redefine and Fountainhead on 27 March 2015, in terms of which it was advised that FPTML
was to appoint an independent committee of its board of directors (the "independent committee") to
consider and engage with Redefine in relation to a revised proposal for the acquisition by Redefine of
all of Fountainhead´s assets, in exchange for Redefine shares and the assumption of all of
Fountainhead´s liabilities (the "proposed transaction"). Fountainhead unitholders are further referred
to previous Fountainhead cautionary announcements, the last of which was released on SENS on 2 June
2015, in terms of which they were advised to exercise caution when dealing in their Fountainhead units
until a further announcement on the proposed transaction is made.

1.2. Redefine shareholders and Fountainhead unitholders are now advised that the board of directors of
Redefine and the independent committee, comprising Michael Kirchmann, Victor Anthony Christian,
Haroon Yusuf Laher, Marius Barkhuysen, Thomas Alexander Wixley and David Stanley Savage, have
agreed that a merger of Redefine and Fountainhead continues to make strategic sense. On this basis,
Redefine has entered into an agreement (the "transaction agreement") with Fountainhead and FPTML
in terms of which Fountainhead will dispose of all its assets, including the entire Fountainhead property
portfolio, in exchange for 85 new Redefine shares (the "Redefine consideration shares") for every
100 Fountainhead units in issue and the assumption by Redefine of all of Fountainhead´s liabilities,
including Fountainhead´s interest-bearing debt (the "transaction").

1.3. If the transaction is approved and becomes unconditional, Fountainhead will no longer qualify for a
listing under the Listings Requirements of the stock exchange operated by the JSE Limited ("JSE")
and, simultaneously with the implementation of the transaction, Fountainhead will be delisted from the
JSE. The winding up of Fountainhead will commence as soon as practically possible after the
implementation date of the transaction, being the third business day following the date on which the last
of the conditions precedent set out in paragraph 4 below is fulfilled, which date shall not be before the
granting by the JSE of the listing of the Redefine consideration shares (the "implementation date").

2. RATIONALE FOR THE TRANSACTION

2.1. Redefine is currently the largest unitholder in Fountainhead and is also the owner of FPTML, which is
the asset manager and controls all the assets of Fountainhead. Given these interests of Redefine in
Fountainhead and FPTML, there is no other party that can acquire the Fountainhead property portfolio
without Redefine´s consent. The transaction will allow for additional benefits in that the transfer of all
of Fountainhead´s assets to Redefine will result in:

2.1.1. the assets being managed in an optimal manner on a portfolio basis;

2.1.2. lower costs as a result of the removal of costs associated with retaining Fountainhead as a
separate entity; and

2.1.3. more efficient asset allocation and balance sheet management, as there would be no
allocation decisions to be made between housing an asset in Fountainhead as opposed to
Redefine.

2.2. The trade in Fountainhead on the JSE has dropped significantly since Redefine acquired its
approximate 65.9% stake and this lower tradability makes it harder for minority unitholders to exit
from their holding. The transaction provides an opportunity for Fountainhead unitholders to exchange
their Fountainhead units for more liquid Redefine shares.

2.3. While existing Fountainhead unitholders are supportive of its portfolio composition, there are divergent
views on the future direction of Fountainhead. The transaction will expose Fountainhead unitholders to
a diverse property portfolio and property assets valued at approximately R55.6 billion and the benefits
of economies of scale and cost savings due to synergies between the Fountainhead and Redefine
property portfolios will benefit Fountainhead unitholders and Redefine over time.

3. MECHANICS OF THE TRANSACTION

3.1. Subject to the fulfilment of the conditions precedent set out in paragraph 4 below, in exchange for all
the assets of Fountainhead, including the entire Fountainhead property portfolio:

3.1.2. in settlement of the balance of the purchase price for Fountainhead´s assets, including the
entire Fountainhead property portfolio, Redefine will issue the Redefine consideration
shares; and

3.1.3. in settlement of the distribution by Fountainhead of the Redefine consideration shares to
the Fountainhead unitholders, Redefine will issue the Redefine consideration shares
directly to the Fountainhead unitholders.

3.2. Fountainhead unitholders will, accordingly, receive 85 Redefine consideration shares, subject to the
rounding principle, for every 100 Fountainhead units in issue on the record date (expected to be
7 August 2015), directly from Redefine.

3.3. Notwithstanding the implementation date and/or the date on which the Redefine consideration shares
are issued, the commercial effective date of the transaction is 1 March 2015. This means that Redefine
will be entitled to all of the income received by or accruing to Fountainhead from 1 March 2015.
Redefine will also assume all liabilities owing by Fountainhead on and with effect from 1 March 2015.

3.4. This does not change the fact that Fountainhead unitholders are entitled to participate in the
distributable income of Fountainhead for the period up to 28 February 2015.

3.5. In the ordinary course, Fountainhead unitholders would also be entitled to participate in the
distributable income of Fountainhead for the period from 1 March 2015 to the earlier of 1 August 2015
and the implementation date (the "Fountainhead interim distribution") but would not be entitled to
participate in the equivalent portion of the normal income distribution to be declared by Redefine for
the six months ending 31 August 2015 (the "Redefine final distribution"), calculated on the basis of
the consideration ratio of 85 Redefine consideration shares for every 100 Fountainhead units (the
"Redefine proportionate distribution").

3.6. However, if the transaction is implemented, with effect from 1 March 2015, Fountainhead unitholders
will, in effect, be entitled to participate fully in an amount equal to the Redefine final distribution, by
virtue of their entitlement to the Redefine consideration shares, but not an amount equal to any portion
of the distributable income of Fountainhead for the six months ending 31 August 2015.

3.7. In order to give effect to this arrangement in the most practical and efficient manner, having regard to
the fact that the Redefine consideration shares will be issued cum entitlement to the full Redefine final
distribution and acknowledging that Fountainhead unitholders are only entitled in aggregate to an
amount equal to the Redefine final distribution and are not entitled to the Redefine proportionate
distribution, Fountainhead and Redefine have agreed to implement a set-off mechanism whereby
Fountainhead unitholders´ entitlement to the Fountainhead interim distribution will be set off against
their obligation to pay the Redefine proportionate distribution (to which they are not, in the ordinary
course, entitled) to Redefine.

3.8. Accordingly, the entitlement of Fountainhead unitholders to payment of the Fountainhead interim
distribution, and Redefine´s obligation to pay the Fountainhead interim distribution to the Fountainhead
unitholders, will be settled in full upon receipt of the Redefine consideration shares cum entitlement to
the full Redefine final distribution, on the basis of the arrangements outlined above.

3.9. Fountainhead unitholders are however advised that the full Redefine final distribution will only be
payable to the relevant Fountainhead unitholder in his/her/its capacity as a Redefine shareholder, or to
any other person to whom he/she/it may have transferred the relevant Redefine consideration shares,
who is registered as the holder thereof on the record date for receipt of the Redefine final distribution.

3.10. In terms of the transaction agreement, Redefine warrants and undertakes that the Redefine
consideration shares will be entitled to participate fully in all subsequent distributions declared by
Redefine. Redefine has also undertaken that it will not, prior to the Redefine consideration shares issue
date, make any special or unusual distribution.

3.11. Redefine understands that the following properties ("the pre-emptive properties") are subject to pre-
emptive rights, rights of first refusal, options or similar rights which may be triggered by the transaction
and for this purpose the parties have ascribed the following sale price to each such properties:

3.12. Fountainhead has entered into agreements for the disposal of certain properties. The transaction
agreement contains provisions which set out how these properties are to be dealt with insofar as they
form part of Fountainhead´s property portfolio.

3.13. The only warranties that have been sought by Redefine and given by FPTML are that:

3.13.1. Fountainhead is the sole and beneficial owner of all Fountainhead assets (the "asset
portfolio"), including the properties forming part of the Fountainhead property portfolio,
as at the date of signature of the transaction agreement (the "signature date");

3.13.2. Fountainhead will, immediately prior to 1 August 2015 (being the date on which the
transaction will be effective from an accounting perspective), be the sole and beneficial
owner of the asset portfolio and will, on 1 August 2015, the implementation date and the
date of registration of transfer of ownership of the relevant property into the name of
Redefine, be able to deliver unencumbered title to each property in the asset portfolio to
Redefine, subject only to (i) the provisions of the transaction agreement relating to
transfer of the pre-emptive properties and properties to be acquired or disposed of by
Fountainhead and (ii) any mortgage bonds which serve as security for any interest-bearing
debt obligations which are to be assumed by Redefine; and

3.13.3. Fountainhead will on the implementation date be able to transfer and deliver
unencumbered title to its cash, cash equivalents and debtors to Redefine.

3.14. During the period from the signature date to the implementation date, Fountainhead and FPTML have
undertaken to procure that:

3.14.1. Fountainhead shall continue to operate in the ordinary, normal and regular course;

3.14.2. it shall not effect or otherwise commit Fountainhead to any acquisitions, disposals or
changes to the asset portfolio and/or Fountainhead's funding terms, other than (i) those
which Fountainhead or FPTML is, as at the signature date, already contractually bound to
effect or agree to or (ii) with Redefine's consent which shall not be unreasonably withheld
or delayed; and

3.14.3. it shall not commit itself to any other contractual arrangements other than in the ordinary
and regular course of its business, without Redefine's consent which shall not be
unreasonably withheld or delayed.

3.15. In terms of the transaction agreement, the parties are obliged to take such steps as may be required for
the winding-up of Fountainhead (the "winding-up") and for Fountainhead to distribute to Fountainhead
unitholders the Redefine consideration shares, in accordance with Board Notice 42 of 2014, published
in terms of section 114 (4)(b) of the Collective Investment Schemes Control 2002 ("CISCA") in
Government Gazette No. 37487 of 28 March 2014, as soon as practicable after the granting of the
approvals contemplated in paragraphs 4.1 and 4.4 below, on the basis that Redefine shall, as a practical
measure, issue the Redefine consideration shares directly to Fountainhead unitholders recorded as such
in the register on the record date for receipt of the Redefine consideration shares concerned in
settlement of such distribution, such that each Fountainhead unitholder will, in respect of every 100
Fountainhead units held, be issued 85 Redefine consideration shares, subject to the rounding principle
contained in the JSE Listings Requirements.

3.16. Redefine shall cause application to be made to the JSE at the appropriate time for the listing of the
Redefine consideration shares on the JSE, such that they are listed on the JSE on or before the date on
which the Redefine consideration shares are issued, and shall use best endeavours to ensure that such
listing is granted, and the parties shall not implement the transaction unless and until the JSE has
approved such listing.

4. CONDITIONS PRECEDENT

The transaction is subject to the fulfilment of the following conditions precedent by the specified date or such
later date as determined in accordance with the transaction agreement:

4.1. by 30 June 2015, the Registrar of Collective Investment Schemes approving the transaction and making
such determinations, giving such approvals and giving such directions (including any applicable
approvals required in terms of sections 102 and 103 of CISCA and an approval of any requisite
amendments to the trust deed) as are required for it to be legally permissible to implement the
transaction;

4.2. by 30 June 2015, the JSE providing all such approvals (including a formal approval of this circular but
excluding the granting of the listing of the Redefine consideration shares on the JSE) as may be
required of the JSE in order to implement the transaction, on the terms and conditions contained in the
agreement;

4.3. by 31 July 2015, Redefine shareholders approving, in general meeting, all such resolutions as may be
required in order to implement the transaction, on the terms and conditions contained in the transaction
agreement, including but not limited to an ordinary resolution to authorise the board of directors of
Redefine to issue the Redefine consideration shares (requiring the support of more than 50% of the total
number of votes exercisable by Redefine shareholders, present in person or by proxy, at the meeting);
and

4.4. by 31 July 2015, Fountainhead unitholders approving, in general meeting, all such resolutions and
providing such approvals as are necessary to implement the transaction on the terms and conditions
contained in the transaction agreement, including but not limited to an ordinary resolution for the
approval of the transaction as a "category 1 transaction" in terms of the Listings Requirements, the
termination of the listing of Fountainhead units on the JSE and the winding-up of Fountainhead
(requiring the support of at least 75% of the total number of votes exercisable by Fountainhead
unitholders, other than Redefine and its associates, present in person or by proxy, at the meeting).

5. CATEGORISATION OF THE TRANSACTION FOR FOUNTAINHEAD, RELATED PARTY CONSIDERATIONS AND FURTHER DOCUMENTATION

5.1. From a Fountainhead perspective, the transaction constitutes a category 1 disposal in terms of the JSE
Listings Requirements and as such requires the approval of Fountainhead unitholders. Accordingly, a
circular to Fountainhead unitholders (the "Fountainhead circular"), incorporating a notice of general
meeting for the Fountainhead general meeting, will be issued in due course.

5.2. As Redefine is a material unitholder in Fountainhead and the sole shareholder of FPTML, the
transaction is, from a Fountainhead perspective, being treated as a disposal to a related party under the
JSE Listings Requirements requiring:

5.2.1. the provision of a fairness opinion by an independent expert acceptable to the JSE. In this
regard the independent committee have appointed Questco Proprietary Limited (the
"independent expert") to furnish the requisite fairness opinion;

5.2.2. a statement by the independent committee confirming whether the transaction is fair
insofar as Fountainhead unitholders are concerned; and

5.2.3. Fountainhead unitholder approval at the general meeting, as outlined in paragraph 4.4
above.

5.3. As required in terms of the JSE Listings Requirements, the independent expert has concluded that the
transaction is fair to Fountainhead unitholders, which opinion will be contained in the Fountainhead
circular.

5.4. The independent committee hereby confirms that it has considered, inter alia, the fairness opinion and
is of the opinion that the transaction is fair insofar as unitholders are concerned and recommends that
Fountainhead unitholders vote in favour of the resolutions necessary to implement the transaction. The
members of the independent committee intend to vote any Fountainhead units they may hold in favour
of the resolutions necessary to implement the transaction.

5.5. Redefine and its subsidiaries will own approximately 65.9% of Fountainhead´s issued units prior to the
implementation of the transaction. Although Redefine and its associates will be taken into account in
determining a quorum at the Fountainhead general meeting, the votes of Redefine and its associates
will not be taken into account in determining the validity of the resolution authorising the transaction.

6. CATEGORISATION OF THE TRANSACTION FOR REDEFINE AND FURTHER DOCUMENTATION

From a Redefine perspective, the transaction constitutes a category 2 transaction in terms of the JSE Listings
Requirements and accordingly does not require approval by Redefine shareholders. However, shareholder
approval will be required to approve all such resolutions as may be required to implement the transaction, on
the terms and conditions contained in the transaction agreement, as outlined in paragraph 4.3 above. In this
regard, as announced on SENS on 24 June 2015, a notice for a Redefine general meeting to be held on
Thursday, 23 July 2015 has been issued.

7. PROPERTY INFORMATION

7.1. The Fountainhead property portfolio was valued by four independent property valuers at
R11 921 625 695, as at 28 February 2015, and comprises 41 properties with a GLA of 862 751 m2,
including assets held for sale and excluding properties transferred since 1 March 2015. The
Fountainhead property portfolio is concentrated significantly in retail properties representing
approximately 70% percent of the Fountainhead property portfolio by value.

7.2. The Fountainhead retail property portfolio was valued by Roger Long (JLL), an external independent
property valuer registered as a professional valuer in terms of the Property Valuers Profession Act,
2000 (the "PVPA"). The Fountainhead office and industrial property portfolio was valued by Bryan
Nyagah (JHI Excellerate), Trevor Richardson (Acres) and Roger Hunting (Broll), who are all external
independent property valuers each registered as a professional valuer in terms of the PVPA.

7.3. Detailed valuation reports have been prepared in respect of each of the properties comprising the
Fountainhead property portfolio. A summary of the valuation reports in respect of the Fountainhead
property portfolio will be included in the Fountainhead circular.

7.4. Details of the properties comprising the Fountainhead property portfolio are set out in the table below:
Weighted Value attributed Estimated
average rental by independent Disposal price net income
per m2 as per GLA (m2) property valuer as per the Disposal price Independent forecast to
Physical Fountainhead´s attributed by as at 28 February transaction vs valuation* property 31 August
No Property name address records (R) Fountainhead 2015 (R) agreement (R) (R) valuer 2015 (R)

* The difference between the valuation amounts and the disposal price arose due to changes in the market values of the properties. Furthermore,
the value attributed by each independent property valuer is an open market value while the disposal prices are negotiated values.

# Properties in respect of which, as at the implementation date, an agreement has been concluded with third parties for their disposal, but where
the registration of transfer thereof pursuant to such agreement has not yet been effected.

^ Represents the current value of borrowings as at 28 February 2015. The value may change slightly between 28 February 2015 and
1 August 2015 (being the date on which the transaction will be effective from an accounting perspective)

42. WITHDRAWAL OF FOUNTAINHEAD CAUTIONARY ANNOUNCEMENT

Following the release of this joint transaction announcement, the Fountainhead cautionary announcement last
published on SENS on 2 June 2014 is withdrawn and caution is no longer required to be exercised by
Fountainhead unitholders when dealing in their Fountainhead units.

43. FOUNTAINHEAD RESPONSIBILITY STATEMENT

To the extent that the information in this joint transaction announcement relates to Fountainhead, the
independent committee accepts responsibility for such information and confirms that, to the best of the
respective knowledge and belief of the members of the independent committee, the information is true and does
not omit anything likely to affect the importance of the information included.

44. REDEFINE RESPONSIBILITY STATEMENT

To the extent that the information in this joint transaction announcement relates to Redefine, Redefine´s board
of directors accepts responsibility for such information and confirms that, to the best of the respective
knowledge and belief of the members of the Redefine board of directors, the information is true and does not
omit anything likely to affect the importance of the information included.
25 June 2015

Date: 25/06/2015 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Posting of notice of general meeting
Posting of notice of general meeting

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine") or (the "company")

POSTING OF NOTICE OF GENERAL MEETING

Redefine shareholders are referred to the SENS announcement released jointly by Redefine and Fountainhead
Property Trust ("Fountainhead") on 27 March 2015, in relation to the proposed acquisition by Redefine of all of
Fountainhead´s assets, including the Fountainhead property portfolio, in exchange for 85 Redefine consideration
shares for every 100 Fountainhead units in issue and the assumption by Redefine of all of Fountainhead´s liabilities
(the "transaction"). Redefine is in the process of finalising an agreement with Fountainhead and Fountainhead
Property Trust Management Limited in respect of the transaction.

Redefine shareholders are advised that the company has today, 24 June 2015, disseminated a notice of a general
meeting to be held at 10:00 on Thursday, 23 July 2015 at the registered office of Redefine (Redefine Place, 2 Arnold
Road, Rosebank, Johannesburg, 2196), for the purposes of considering and, if deemed fit, passing, with or without
modification, the ordinary resolutions necessary to place a sufficient number of Redefine shares in the authorised but
unissued share capital of the company under the control of the directors, to be allotted and issued as consideration for
the transaction or, if the transaction is not implemented for any reason, to be allotted and issued as consideration for
additional Fountainhead units.

24 June 2015

Corporate advisor and sponsor to Redefine

Java Capital

Date: 24/06/2015 04:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

RESULTS OF GENERAL MEETING

Shareholders are referred to the announcement released on SENS on 7 May 2015 wherein shareholders were
advised that Redefine had posted a circular to shareholders (the "circular") relating to:

- the issue of up to 300 million Redefine shares to the Redefine Empowerment Trust in terms of a specific
issue of shares for cash; and
- the granting by Redefine of a loan to the Redefine Empowerment Trust to fund the subscription of such
Redefine shares.

Shareholders are advised that at the general meeting held on Friday, 5 June 2015, all resolutions required to
be passed by Redefine shareholders to approve the transaction detailed above were passed by the requisite
majority of shareholders.

Details of the results of voting at the general meeting are as follows:

- total number of Redefine shares that could have been voted at the general meeting: 3 904 153 777
- total number of Redefine shares that were present/represented at the general meeting: 2 055 458 401
being 52.65% of the total number of Redefine shares that could have been voted at the general meeting.

Date: 05/06/2015 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealings in securities by directors, associates of directors, company secretary and associate of company secretary
Dealings in securities by directors, associates of directors, company secretary and associate of company secretary

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALINGS IN SECURITIES BY DIRECTORS, ASSOCIATES OF DIRECTORS, THE COMPANY
SECRETARY AND AN ASSOCIATE OF THE COMPANY SECRETARY OF REDEFINE

Shareholders are advised that pursuant to the cash dividend for the six months ended 28 February 2015 with an
election to reinvest the cash dividend in return for shares, the results of which were announced on Monday,
1 June 2015 (the "reinvestment alternative"), directors of the company elected to reinvest the cash dividend in
respect of shares held by them under the Matching Scheme of the Redefine Executive Incentive Scheme and
received shares as follows:

Name of director: David Rice
Transaction date: 29 May 2015
Class of securities: Ordinary shares
Number of securities: 6 776
Price per security: R10.70
Total value of transaction: R72 503.20
Nature of transaction: Off-market reinvestment in terms of reinvestment alternative
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised that pursuant to the reinvestment alternative, directors, associates of directors, the
company secretary and an associate of the company secretary of Redefine, elected to reinvest the distribution in
respect of shares held by them, and received shares as follows:

Name of company secretary: Neville Toerien
Transaction date: 29 May 2015
Class of securities: Ordinary shares
Number of securities: 354
Price per security: R10.70
Total value of transaction: R3 787.80
Nature of transaction: Off-market reinvestment in terms of reinvestment alternative
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of associate: Susan Toerien
Name of company secretary: Neville Toerien
Relationship to company secretary: Wife
Transaction date: 29 May 2015
Class of securities: Ordinary shares
Number of securities: 354
Price per security: R10.70
Total value of transaction: R3 787.80
Nature of transaction: Off-market reinvestment in terms of reinvestment alternative
Nature and extent of director´s interest: Not applicable

Name of associate: Lesley Wainer
Name of director: Marc Wainer
Relationship to director: Wife
Transaction date: 29 May 2015
Class of securities: Ordinary shares
Number of securities: 10 351
Price per security: R10.70
Total value of transaction: R110 755.70
Nature of transaction: Off-market reinvestment in terms of reinvestment alternative
Nature and extent of director´s interest: Not applicable

Name of associate: The Clearwater Partnership
Name of director: Harish Mehta
Relationship to director: The HKM Family Trust No 2 (of which Harish Mehta is a
trustee and beneficiary) manages Clearwater Capital
Proprietary Limited, which is the general partner of The
Clearwater Partnership
Transaction date: 29 May 2015
Class of securities: Ordinary shares
Number of securities: 303 295
Price per security: R10.70
Total value of transaction: R3 245 256.50
Nature of transaction: Off-market reinvestment in terms of reinvestment alternative
Nature and extent of director´s interest: Indirect beneficial

4 June 2015

Sponsor

Java Capital

Date: 04/06/2015 05:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine")

RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of a final cash dividend of 39.00 cents per share (the "cash dividend")
with an election to reinvest the dividend in return for Redefine shares (the "share alternative") announced on SENS
on Thursday, 7 May 2015 for the six months ended 28 February 2015 and the announcement of the reinvestment price
per new share (being R10.70 per share) applicable to Redefine shareholders electing the share alternative released on
SENS on Friday, 15 May 2015.

Shareholders holding 1 622 442 383 Redefine shares or 42% of Redefine shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 58 722 042 new Redefine
shares, retaining R628 million (based on the issue price of R10.70 per new share after accounting for the applicable
dividend withholding tax) in new equity for Redefine. Accordingly, a total cash dividend of R894 million (of which
R4 million is payable as a result of the dividend withholding tax applicable to certain shareholders who elected the
share reinvestment alternative) is payable today in respect of 2 281 711 394 Redefine shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Redefine´s transfer secretaries will have their bank accounts credited on 1 June 2015.
Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of
their shares will be posted on Wednesday, 3 June 2015 to certificated shareholders at their risk. The Central Securities
Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share
alternative in respect of some or all of their shares will be credited with the cash dividend on 1 June 2015 and the
Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the
share alternative in respect of some or all of their shares will be credited on Wednesday, 3 June 2015 with their new
Redefine shares.

1 June 2015

Corporate advisor and sponsor

Java Capital

Date: 01/06/2015 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

May 2015

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

UPDATE ON BROAD BASED BLACK ECONOMIC EMPOWERMENT INITIATIVES

Redefine shareholders are referred to the announcement dated 6 May 2015 in which they were advised that, as part of
its commitment to the broad-based black economic empowerment and the sustainable and long-term economic and
social development of previously disadvantaged groups of persons, Redefine had agreed to issue up to 300 million
Redefine shares to the Redefine Empowerment Trust.

The Redefine Empowerment Trust, established to perform public benefit activities with the object of benefitting
qualifying entities, school children and students in order to contribute to the empowerment and upliftment of those
beneficiaries, would have been negatively impacted by the notice of clarification (Notice 396 of 2015) published by
the Department of Trade and Industry ("DTI") on 5 May 2015 limiting broad-based ownership schemes to 3 points for
black ownership under the amended Codes of Good Practice. Notice 396 of 2015 was withdrawn by a revised notice
of clarification (Notice 444 of 2015) issued by the DTI on 15 May 2015.

Redefine has, since the issue of the original notice of clarification, engaged with the DTI and Redefine's advisors to
understand the potential impact of the notices of clarification on the proposed issue of shares to the Redefine
Empowerment Trust. Following those engagements (and having regard to the widely reported comments made by the
Trade and Industry Minister, Rob Davies, and the Director General, Lionel October following the issue of Notice 444)
Redefine is satisfied that the effect of the revised notice of clarification is that there has been a return to the status quo
and there is currently no cap on the ownership points available to genuine broad-based schemes.

In the circumstances, Redefine believes it is in the interests of the company and its shareholders to proceed with the
issue of shares to the Redefine Empowerment Trust. As previously announced, a meeting of Redefine shareholders to
consider (and if deemed fit) approve the issue of the shares to the Redefine Empowerment Trust will be held on Friday
5 June 2015.

Shareholders are advised that the other transaction referred to in the announcement of 6 May 2015, the proposed
disposal of 75 million Fountainhead Property Trust units to an investment special purpose vehicle established for the
benefit of Bakgatla-Ba-Kgafela traditional community, will not be proceeding because of the volatility in the
Fountainhead unit price.

21 May 2015

Corporate advisor and sponsor
Java Capital

Legal advisor
DLA Cliffe Dekker Hofmeyr
Date: 21/05/2015 04:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>

<pre>Dealing in securities by a director of Redefine
Dealing in securities by a director of Redefine

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")

DEALING IN SECURITIES BY A DIRECTOR OF REDEFINE

Shareholders are advised of the following information relating to the dealing in securities by a director of the
company:

Date: 21/05/2015 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.</pre>